In the Absence of Technological Progress,we Know with Certainty That

question 31

Multiple Choice

In the absence of technological progress,we know with certainty that an increase in the saving rate will cause which of the following?

• A)increase steady state consumption
• B)decrease steady state consumption
• C)have no effect on steady state consumption
• D)increase steady state consumption only if the increase in saving exceeds the increase in depreciation
• E) increase steady state consumption only if the increase in saving is less than the increase in depreciation

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Definitions:

Polygyny

A form of marriage in which a man is allowed to have more than one wife at the same time.

Polyandry

A form of marriage in which a woman has two or more husbands at the same time.

Monogamy

One person is married exclusively to another person.

Exclusively Married

A state or condition in which individuals are married and do not engage in marital relationships with anyone else.