An Increase in the Saving Rate Will Not Affect Which

question 52

Multiple Choice

An increase 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:

Job Dissatisfaction

A negative emotional state resulting from an individual’s perception of their job not meeting their expectations or needs.

Utility Maximization

The economic principle that individuals or firms aim to achieve the highest level of utility or satisfaction possible, given their resources.

Bargaining Units

Groups of employees with a clear and identifiable community of interests in wages, hours, and working conditions, which are represented collectively in negotiating labor contracts.

NLRB

The National Labor Relations Board, a federal agency in the United States that oversees labor practices, ensuring workers' right to organize and decide on union representation.