The Apparent Conflict Between the Time-Series and Cross-Section Evidence on the U.S.saving

question 25

Multiple Choice

The apparent conflict between the time-series and cross-section evidence on the U.S.saving ratio,where cross-section studies predict a long-run ________ in the ratio that does not emerge from the time-series studies,is ________ by the permanent-income and life-cycle hypotheses.

• A)rise,resolved
• B)rise,created
• C)fall,resolved
• D)fall,created

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Definitions:

Travelers

Individuals who move between different geographic locations, for purposes such as tourism, business, or leisure.

Foreign Assignments

Work assignments located in a country different from the employee's home country, typically involving international relocation.

McWorld

A term that describes the globalization of culture, economy, and technology, leading to a homogeneous global market and cultural standardization.

University of Michigan

An esteemed public research university located in Ann Arbor, Michigan, noted for its diverse and comprehensive academic programs.