ECN 204 Midterm: ECN204 Midterm 2013 Winter Solution
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Choose the best answer and record on your scanner sheet. consumption. The higher is the current level of saving: A) the higher is the current level of investment and higher the future level of consumption. B) the lower is the current level of investment and lower the future level of consumption. C) the higher is the current level of investment and lower the future level of: the lower is the current level of investment and higher the future level of consumption, the higher the slope of the mps. E) is of no consequence because they are not positively related. 1 the entire economy and for an extended period of time: Refer to the following diagrams to answer questions 6-8: the above diagram (a) represents the demand for and supply of a brand of automobile ( turbo-car) for a car manufacturing company named fancy auto. Dl represents low demand for the turbo-car, dm represents the medium level of demand and,
