In the Long Run,an Increase in the Saving Rate in a Steady-State

question 1

Multiple Choice

In the long run,an increase in the saving rate in a steady-state economy will cause

• A)an increase in the capital-labour ratio and an increase in consumption per worker.
• B)an increase in the capital-labour ratio and a decrease in consumption per worker.
• C)a decrease in the capital-labour ratio and a decrease in consumption per worker.
• D)a decrease in the capital-labour ratio and an increase in consumption per worker.

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Definitions:

Carl Rogers

An influential figure in psychology known for developing the person-centered approach to therapy, emphasizing the importance of unconditional positive regard.

Empathetic Therapist

A mental health professional who possesses the ability to understand and share the feelings of their clients.

Person-centered

refers to an approach in psychology and therapy that emphasizes the importance of the individual's own experience and self-discovery, pioneered by Carl Rogers.

Unconditional Positive Regard

An approach in certain types of psychotherapy where the therapist offers clients acceptance and positive support, regardless of what the client says or does.