The Short-Run Effects of an Increase in the Saving Rate

question 78

Multiple Choice

The short-run effects of an increase in the saving rate include

• A)a higher level of productivity.
• B)a higher growth rate of productivity.
• C)a higher growth rate of income.
• D)All of the above are correct.

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Definitions:

Imprisoned

The state of being confined in prison as a form of punishment or preventive measure.

Felons

Individuals who have been convicted of a felony, which is a serious crime usually punishable by imprisonment for more than one year or by death.

White-Collar

Pertaining to jobs or workers in professions that typically require formal attire and involve office work, as opposed to manual or blue-collar labor.

Violent Street Crime

Criminal activities that occur in public places and involve force or the threat of force, including assault, robbery, and other acts of violence.