In the Long Run,a Higher Saving Rate

question 77

Multiple Choice

In the long run,a higher saving rate

• A)cannot increase the capital stock.
• B)means that people must consume less in the future.
• C)increases the level of productivity.
• D)None of the above is correct.

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Definitions:

Conflict Management

A process aimed at reducing or eliminating sources of conflict through various strategies and problem-solving techniques.

Formal Authority

A form of power that is recognized and sanctioned by laws and regulations, and is given to individuals in specific roles or positions within a structured organization.

Legal

Pertaining to the law or the set of rules that are enforced through social institutions to govern behavior.

Dependents

Individuals who rely on another person, typically a family member, for financial support and are often considered for exemptions on income tax returns.