The Tendency for Private Saving to Increase in Response to Growing

question 81

Multiple Choice

The tendency for private saving to increase in response to growing government deficits is known as the

• A) crowding out effect.
• B) money illusion effect.
• C) Keynes effect.
• D) Ricardo-Barro effect.

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Definitions:

Deontology

An ethical theory based on the belief that actions are morally required, permitted, or forbidden based on a set of rules.

Virtue Ethics

A philosophical approach that emphasizes the role of character and virtue in moral philosophy rather than either the consequences of actions or the rules governing them.

Business Ethics

moral principles and standards that guide behavior in the world of commerce, influencing company policies and practices.

Profit Motive

The intent to engage in activities or transactions for the purpose of earning financial gain or profit.