Investment and Saving Are, Respectively

question 197

Multiple Choice

Investment and saving are, respectively,

• A)income and wealth.
• B)stocks and flows.
• C)injections and leakages.
• D)leakages and injections.

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Definitions:

Elastic

Describing a situation in which the supply or demand for a good or service is highly responsive to changes in price.

Elasticity Coefficient

A measure reflecting the responsiveness of the quantity demanded or supplied of a good to a change in its price.

Price Increase

A rise in the cost of goods or services over time.

Unit Elastic

A scenario in which a change in price by a certain percentage results in an identical percentage change in the amount demanded or supplied.