The Impact of Saving on the Economy Is

question 147

Multiple Choice

The impact of saving on the economy is

• A) always beneficial
• B) always harmful
• C) beneficial in the short run,but not in the long run
• D) beneficial in the long run,but not necessarily in the short run
• E) neutral in both the short run and the long run

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Definitions:

Liabilities

Financial obligations or debts that an entity owes to others, which are expected to be settled over time through the transfer of economic benefits.

Accumulated Depreciation

Accumulated depreciation represents the total amount of depreciation expense that has been recorded against a fixed asset since it was acquired and put into use.

Retained Earnings

The amount of net income left over for a business after it has paid out dividends to its shareholders.

Journalizing

Journalizing is the process of recording transactions in the accounting journals as part of the double-entry bookkeeping system.