The Catch-Up Effect Refers to the Idea That

question 181

Multiple Choice

The catch-up effect refers to the idea that

• A)saving will always catch-up with investment spending.
• B)it is easier for a country to grow fast and so catch-up if it starts out relatively poor.
• C)population eventually catches-up with increased output.
• D)if investment spending is low, increased saving will help investment to "catch-up."

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Definitions:

Daily Impinging Information

The continuous flow of data and stimuli from the external environment that individuals encounter in their everyday lives.

Rational Emotive Behavior Therapy

is a form of cognitive-behavioral therapy that focuses on altering negative thought patterns to combat emotional distress.

Albert Ellis

An American psychologist known for developing Rational Emotive Behavior Therapy (REBT), a form of psychotherapy that focuses on resolving emotional and behavioral problems.

Irrational Beliefs

Thoughts that are not based on reality or logical reasoning, often leading to negative emotions or actions.