A Reduction in the Saving Rate Will Not Affect Which

question 13

Multiple Choice

A reduction in the saving rate will not affect which of the following variables in the long run?

• A)output per worker
• B)the growth rate of output per worker
• C)the amount of capital in the economy
• D)capital per worker
• E) none of the above

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Definitions:

Conciliation/Mediation

Processes where a neutral third party helps disputing parties to come to a mutually acceptable agreement or resolution.

Arbitration of Disputes

A method of resolving disputes outside the courts, where the parties to a disagreement allow an impartial third party to make a decision.

Rights Dispute

A conflict regarding the entitlements or privileges granted to individuals or groups, often requiring mediation or legal intervention to resolve.

Collective Agreements

Collective agreements are contracts made between employers and a group of employees, often represented by a union, determining the terms of employment, wages, and workplace policies and conditions.