An Upward Shift of the Saving Schedule Suggests

question 120

Multiple Choice

An upward shift of the saving schedule suggests:

• A) nothing with respect to changes in the APC and APS.
• B) that the APC and APS have both decreased at each GDP level.
• C) that the APC and APS have both increased at each GDP level.
• D) that the APC has decreased and the APS has increased at each GDP level.

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Definitions:

Trust Fund

A fund comprised of a variety of assets intended to provide benefits to an individual or organization, managed by a trustee.

Compounded Annually

Refers to the process of calculating interest on an investment or loan once per year, adding it to the principal amount.

Perpetuity

An annuity that pays a fixed amount of money indefinitely.

Monthly Benefits

Regular payments received by an individual, typically from a pension or retirement fund, on a monthly basis.