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If People Decide to Save a Greater Percentage of Their

question 163

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If people decide to save a greater percentage of their incomes,then the value of the spending multiplier will ________ and changes in government spending will have ________ impact on gross domestic product (GDP) .


Definitions:

Intelligence

The ability to acquire knowledge, think abstractly, and adapt to new situations effectively.

Howard Gardner

An American developmental psychologist known for his theory of multiple intelligences, which suggests that intelligence is multidimensional and not confined to a single general ability.

Multiple Intelligences

A theory proposed by Howard Gardner, suggesting that intelligence is not a single, fixed attribute but consists of various distinct types enabling individuals to excel in different domains.

Spatial Intelligence

The ability to visualize with the mind's eye, and manipulate shapes and figures in space.

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