FIGURE 21-1 -Refer to Figure 21-1.If Disposable Income Is Y₃,the Level of Level

question 125

Multiple Choice

FIGURE 21-1
-Refer to Figure 21-1.If disposable income is Y₃,the level of desired saving is

• A)DE.
• B)FD.
• C)Y₃F.
• D)Y₃D.
• E)Y₂Y₃.

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Definitions:

Surplus

An excess amount of something, especially in the context of production and supply exceeding demand in economics, leading to a situation where the quantity supplied is greater than the quantity demanded.

Nonprice Rationing

Methods of allocating goods and services without adjusting prices, often used in times of shortages, such as queuing or allocating based on need.

Queuing

The process or system by which people or items are arranged in a line awaiting their turn to be attended to or processed.

Ration Coupons

Tickets or coupons that entitle individuals to purchase a certain amount of a given product per month.