In the Long Run, an Increase in Saving Will Generally

question 242

Multiple Choice

In the long run, an increase in saving will generally:

• A) reduce the rate of economic growth.
• B) leave the rate of economic growth unchanged.
• C) increase the rate of economic growth.
• D) increase consumption simultaneously.

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Definitions:

Stereotypes

Your thoughts or beliefs about specific groups of people.

Minorities

Demographic groups within a society that are smaller in number and often have different ethnic, racial, religious, or cultural identities than the majority.

Biases

Inclinations or prejudices for or against one person or group, especially in a way considered to be unfair.

U.S. Bureau of Labor Statistics

A federal agency that collects and analyzes essential economic information related to labor market activity, working conditions, and price changes in the economy.