According to Friedman,the Apparent Conflict Between Cross-Section Data Which Shows

question 9

Multiple Choice

According to Friedman,the apparent conflict between cross-section data which shows a saving rate that varies with income group and time-series data which shows that the saving ratio over the past century is fairly constant is resolved by

• A)pointing out that cross-section and time-series data are not comparable.
• B)interpreting the low saving of poor people as due to the fact that they must buy necessities.
• C)interpreting the high saving of rich people as due to the transitory nature of much income earned by the rich.
• D)distinguished between a permanent marginal propensity to consume and a transitory marginal propensity to consume.

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Definitions:

Purge Program

Typically refers to a systematic effort to eliminate or remove unwanted or unnecessary information, files, or items from a system or space.

Operational Program

A plan detailing the day-to-day activities and procedures a business or organization follows to achieve short-term objectives and run its operations effectively.

Disaster Recovery Planning

Is the strategic process of creating a structured approach with policies and procedures for responding to potential disasters or disruptions to a company’s operations.