For This Question,assume That the Saving Rate Increases

question 54

Multiple Choice

For this question,assume that the saving rate increases.We know that this increase in the saving rate will cause which of the following?

• A)a temporary increase in the level of output per capita
• B)no permanent change in the level of output per capita
• C)a temporary increase in the rate of growth of output per capita
• D)a permanently higher rate of growth of output per capita
• E) none of the above

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Definitions:

Suppliers

Individuals or businesses that provide goods or services to consumers, businesses, or other organizations.

Households

Units of residence in an economy that include all individuals who live together and make joint economic decisions.

Goods And Services

The output produced by economic activities, encompassing tangible products (goods) and intangible items (services).

Different Utilities

Various measures of satisfaction or usefulness that consumers derive from goods and services, taking forms like marginal, total, and consumer surplus.