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32) Which of the following is a leakage variable? A) Income B) Savings C) Consumption D) Investment 33) What of the following is INCORRECT about injection variables? A) Investment is one example of an injection. B) Injections represent spending in the economy that does not come from consumer's incomes. C) Injections represent a fraction of people's incomes that are based on expectations. D) Injections are equal to leakages at equilibrium. 34) On a Savings-Investment graph, where does the equilibrium level of income occur? A) Where the Savings curve crosses the S axis. B) Where the Savings curve crosses the Y axis. C) Where the Savings curve crosses the I curve. D) Where the Savings curve crosses the AE curve. 35) What would we expect to happen if S < I? A) A recession, followed by higher savings B) A recession, followed by lower savings C) An economic boom, followed by lower investment D) An economic boom, followed by higher savings

          32) Which of the following is a leakage variable?
A) Income
B) Savings
C) Consumption
D) Investment
33) What of the following is INCORRECT about injection variables?
A) Investment is one example of an injection.
B) Injections represent spending in the economy that does not come from consumer's incomes.
C) Injections represent a fraction of people's incomes that are based on expectations.
D) Injections are equal to leakages at equilibrium.
34) On a Savings-Investment graph, where does the equilibrium level of income occur?
A) Where the Savings curve crosses the S axis.
B) Where the Savings curve crosses the Y axis.
C) Where the Savings curve crosses the I curve.
D) Where the Savings curve crosses the AE curve.
35) What would we expect to happen if S < I?
A) A recession, followed by higher savings
B) A recession, followed by lower savings
C) An economic boom, followed by lower investment
D) An economic boom, followed by higher savings

$32) Which of the following is a leakage variable? A) Income B) Savings C) Consumption D) Investment 33) What of the following is INCORRECT about injection variables? A) Investment is one example of an injection. B) Injections represent spending in the economy that does not come from consumer's incomes. C) Injections represent a fraction of people's incomes that are based on expectations. D) Injections are equal to leakages at equilibrium. 34) On a Savings-Investment graph, where does the equilibrium level of income occur? A) Where the Savings curve crosses the S axis. B) Where the Savings curve crosses the Y axis. C) Where the Savings curve crosses the I curve. D) Where the Savings curve crosses the AE curve. 35) What would we expect to happen if S < I? A) A recession, followed by higher savings B) A recession, followed by lower savings C) An economic boom, followed by lower investment D) An economic boom, followed by higher savings$

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