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What Are the Long-Run Effects on Productivity and Income of an Increase

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What are the long-run effects on productivity and income of an increase in the saving rate?


Definitions:

Implicit Memory

A type of long-term memory that influences thoughts and behaviors without conscious awareness.

Conscious Level

The degree of awareness an individual has of their environment and their own existence, sensations, and thoughts.

Encoding

The method of transforming data into a format that can be retained in memory.

Retention

The ability to keep or hold information in memory, often discussed in the context of learning effectiveness.

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