Which of the Following Best Describes the Response of Output

question 123

Multiple Choice

Which of the following best describes the response of output as time passes to an increase in the saving rate?

• A)The growth rate of output does not change.
• B)The growth rate of output increases and gets even larger as time passes.
• C)The growth rate of output increases and does not change as time passes.
• D)The growth rate of output increases,but diminishes to its former level as time passes.

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Definitions:

Check Register

A record maintained by account holders to track their checks, deposits, and current balance.

Writing Checks

The act of completing a check by specifying the date, payee, and amount, and signing it, to instruct a bank to transfer funds.

Adjusted Cash Balance

The cash balance reported in a company's financial statement, modified for factors like outstanding checks or deposits in transit.

Bank Statement

A monthly or quarterly document provided by a bank summarizing the transactions, including deposits and withdrawals, that occurred in a specific account.