-Refer to the Above Figure

question 171

Multiple Choice

-Refer to the above figure. The figure represents the consumption function for a consumer. Point C represents

• A) autonomous consumption.
• B) positive saving.
• C) negative saving.
• D) zero saving.

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Definitions:

Japanese Yen

The official currency of Japan, symbolized as ¥ and known in international finance as JPY.

Goods and Services Deficit

A situation where the value of a country's imports of goods and services exceeds the value of its exports.

Germany

A country in Central Europe known for its rich history, cultural heritage, and significant economic contributions.

Equilibrium Exchange Rate

The equilibrium exchange rate is the price at which the demand for a currency exactly matches its supply in the foreign exchange market, leading to balance without the need for official intervention.