In a Private Closed Economy, Saving Is Always Equal To

question 60

Multiple Choice

In a private closed economy, saving is always equal to:

• A)the sum of planned investment and unplanned changes in inventories.
• B)the difference between planned investment and unplanned changes in inventories.
• C)the sum of planned investment and planned changes in inventories.
• D)the difference between planned investment and planned changes in inventories.

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Definitions:

Mass Media

Various forms of media, such as television, radio, newspapers, and the internet, that reach large audiences with information, entertainment, and advertising.

Communication

The process of exchanging information, ideas, thoughts, and feelings through verbal or non-verbal means.

Mass Medium

A means of communication that reaches large numbers of people, such as television, radio, newspapers, and the internet.

1950s

The decade spanning from January 1, 1950, to December 31, 1959, often noted for its economic prosperity and emergence of distinct cultural norms in the post-World War II era.