Suppose the Economy's Saving Schedule Shifts from S₁ to S

question 177

Multiple Choice

Suppose the economy's saving schedule shifts from S₁ to S ₂ as shown in the below diagram.We can say that its:

• A) MPC has increased.
• B) MPS has increased.
• C) APS has increased at all levels of disposable income.
• D) APS has decreased at all levels of disposable income.

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Definitions:

Sampling Error

The error that occurs due to observing a sample instead of the whole population, which may cause sample statistics to differ from the actual population parameters.

Confidence Interval

A statistical interval estimating the range within which a population parameter is expected to lie, based on sample data and a specified confidence level.

Wall Street Journal

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Gallup Poll

A type of public opinion polling or survey conducted to assess the opinions, attitudes, and behaviors of the public on various topics, often related to politics, economics, and social issues.