Private Saving Is Equal to

question 227

Multiple Choice

Private saving is equal to

• A) personal saving.
• B) saving of households and of unincorporated businesses.
• C) saving of households and of government.
• D) saving of households and of corporations.
• E) the sum of personal saving and corporate saving.

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Definitions:

CIO

Short for Congress of Industrial Organizations, it is a federation of unions that organized workers in industrial unions in the United States and Canada from 1935 to 1955.

AFL

American Federation of Labor, a historic national federation of labor unions in the United States, which merged with the Congress of Industrial Organizations in 1955.

Threat

A declaration or suggestion of intent to cause damage, pain, or harm as a means of achieving a particular outcome or coercing actions from another party.

Union Membership

Affiliation with a labor union that represents workers in negotiations with employers over pay, benefits, and working conditions.