Answer to Question #139757 in Macroeconomics for prince

Question #139757
Which one of the following statements is FALSE? (2)
(a) There are four broad groups of decision‐making units in the economy:
households, firms, government and the foreign sector;
(b) Savings are an important injection into the circular flow of income and
spending in the economy;
(c) Taxes are a leakage or withdrawal from the flow of income and spending in
the economy;
(d) Spending by households on consumer goods and services is called
consumption spending.
1
Expert's answer
2020-10-23T09:15:42-0400

(b) Savings are an important injection into the circular flow of income and

spending in the economy;



Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS