If Consumption Is Greater Than Disposable Income,it Follows That

question 71

Multiple Choice

If consumption is greater than disposable income,it follows that

• A) interest rates are rising.
• B) the budget deficit is shrinking.
• C) saving is negative.
• D) the multiplier is inoperative.
• E) none of the above

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Definitions:

Power Elite

A small group of people controlling a disproportionate amount of wealth, political power, and society's resources.

Similar Backgrounds

Refers to individuals or groups that share comparable upbringing, culture, education, or experiences.

Political Sphere

The domain of society where political activities, including governance, policymaking, and political discourse, occur.

Pluralist Model

A theory suggesting that power in a society is distributed among many groups, leading to a balance that benefits the general public.