In the Long Run an Increase in the Saving Rate

question 211

Multiple Choice

In the long run an increase in the saving rate

• A)doesn't change the level of productivity or income.
• B)raises the levels of both productivity and income.
• C)raises the level of productivity but not the level of income.
• D)raises the level of income but no the level of productivity.

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Definitions:

Source Amnesia

Memory disorder where one can remember certain information but fails to recall where, when, or how they obtained the information.

Episodic Memory

A type of long-term memory that involves the recollection of specific events, situations, and experiences.

Short-Term Memory

Short-term memory, a component of human memory, is the capacity for holding a small amount of information in an active, readily available state for a brief period.

Working Memory

The cognitive system responsible for temporarily holding and processing information to perform complex tasks like learning, reasoning, and comprehension.