An Increase in Saving, All Other Things Unchanged

question 82

Multiple Choice

An increase in saving, all other things unchanged,

• A) decreases the amount of resources available for investment.
• B) increases the amount of resources that can be devoted to the purchase of capital goods.
• C) reduces real GDP by decreasing consumption.
• D) increases a country's present standard of living.

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Definitions:

Racial Prejudice

Preconceived negative judgments or opinions about individuals based on their race, often leading to discrimination.

Irish

Pertaining to the people of Ireland or of Irish descent, often in the context of culture, history, and diasporic identity.

Italian

Related to Italy, its people, culture, or language.

Jewish Immigrants

Individuals of Jewish descent who have moved from their native countries to settle in a foreign land, often in search of better opportunities or to escape persecution.