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.
Answer:D
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.