Only 1 is wrong Which of the following information is wrong? A) The constant decrease in the general level of prices is called disinfection. B) The combination of inflation and recession is called slumpflation. C) If the Marginal Tendency of Saving increases, the slope of the Total Expenditure Line increases. D) In an open economy, the sum of Marginal Savings Tendency and Marginal Import Tendency is less than 1. E) A liquidity trap is called the situation where nobody demands bonds because the bond prices are maximum and everyone prefers to wait in money at the minimum interest rate
Only 1 is wrong Which of the following information is wrong? A) The constant decrease in the general level of prices is called disinfection. B) The combination of inflation and recession is called slumpflation. C) If the Marginal Tendency of Saving increases, the slope of the Total Expenditure Line increases. D) In an open economy, the sum of Marginal Savings Tendency and Marginal Import Tendency is less than 1. E) A liquidity trap is called the situation where nobody demands bonds because the bond prices are maximum and everyone prefers to wait in money at the minimum interest rate
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Only 1 is wrong
Which of the following information is wrong?
A) The constant decrease in the general level of prices is called disinfection.
B) The combination of inflation and recession is called slumpflation.
C) If the Marginal Tendency of Saving increases, the slope of the Total Expenditure Line increases.
D) In an open economy, the sum of Marginal Savings Tendency and Marginal Import Tendency is less than 1.
E) A liquidity trap is called the situation where nobody demands bonds because the
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education