According to Supply-Siders,an Switch from Consumption to Savings by Households

question 34

Multiple Choice

According to supply-siders,an switch from consumption to savings by households will

• A)lead to a permanent increase in output-per-worker.
• B)lead to a temporary increase in output-per-worker.
• C)lead to a decline in output-per-worker.
• D)not change output-per-worker.

---

Definitions:

Welfare Benefits

Government-provided assistance programs designed to support the health, safety, and well-being of citizens, particularly those who are in poverty, disabled, or elderly.

Personal Responsibility

The principle of taking accountability for one's actions and their consequences, often emphasizing individual initiative and self-discipline.

Welfare Policy

A set of government strategies aimed at providing assistance to individuals and families in need, to ensure a basic standard of living.

Apartheid

A social policy or structure of segregation and economic and political discrimination against non-European groups in South Africa.