What Would Increase the Supply of National Savings Curve

question 18

Multiple Choice

What would increase the supply of national savings curve?

• A)an increase in tax rates
• B)a decrease in disposable income
• C)an increase in real interest rates
• D)an increase in disposable income

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Definitions:

Quantitative Data

Numerical data that can be measured and quantified, enabling mathematical analysis and statistical operations.

Relative Frequency Histogram

A type of histogram in which each bar represents the proportion or percentage of data points that fall into each of a series of specified classes.

Relative Class Frequency

The fraction or percentage of data points that belong to a specific category or class in relation to the total dataset.

Relative Frequencies

The proportion of times a particular value occurs in a dataset relative to the total number of occurrences.