All Else Being Equal,a Permanent Decrease in the Saving Rate

question 11

Multiple Choice

All else being equal,a permanent decrease in the saving rate in a steady-state economy would cause

• A)an increase in the capital-labour ratio and an increase in consumption per worker.
• B)an increase in the capital-labour ratio and a decrease in consumption per worker.
• C)a decrease in the capital-labour ratio and a decrease in consumption per worker.
• D)a decrease in the capital-labour ratio and an increase in consumption per worker.

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Definitions:

Cognitive Appraisal

The process of evaluating a situation in relation to one's personal well-being, influencing one's emotional and psychological response.

Social-Cognitive Theorists

Researchers who explore how people learn through observing others, focusing on the processes of attention, memory, and motivation.

Aggressive Skills

Techniques or strategies developed to express feelings, needs, or thoughts in a direct, assertive way that may include defending personal rights or seeking to dominate or control.

Natural Instinct

Inherent inclinations of a living organism toward a particular complex behavior, the natural, unlearned patterns of behavior that are specific to a species.