Consider a Closed Economy in the Long Run

question 72

Multiple Choice

Consider a closed economy in the long run.A country with a low national saving rate (as a fraction of real GDP) is likely to have

• A)a high growth rate because aggregate expenditure will be high out of any given income.
• B)either a high or low growth rate depending on the investment schedule.
• C)an AS curve moving continually to the right.
• D)trouble achieving potential real national income in the short run.
• E)a low growth rate because sustained high investment is not possible with low saving.

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Definitions:

Circadian Rhythms

Within each 24-hour period, the regular fluctuation from high to low points of certain bodily functions and behaviors.

Body Temperature

The measure of the body's ability to generate and get rid of heat, essential for the proper functioning of the body.

Circadian Rhythm

Natural, internal processes that regulate the sleep-wake cycle and repeat roughly every 24 hours, influencing physical, mental, and behavioral changes.

Sleep Apnea

A sleep disorder characterized by periods during sleep when breathing stops and the individual must awaken briefly in order to breathe.