An Increase in the Saving Rate Would,other Things the Same

question 76

Multiple Choice

An increase in the saving rate would,other things the same,

• A)increase growth more for a poor country than for a rich country,and raise growth permanently.
• B)increase growth more for a poor country than for a rich country,but raise growth temporarily.
• C)increase growth more for a rich country than for a poor country,and raise growth permanently.
• D)increase growth more for a rich country than for a poor country,but raise growth temporarily.

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Definitions:

Stoics

Ancient philosophers who promoted the idea of enduring pain or hardship without displaying feelings or complaining, focusing on inner peace and rational understanding.

Predestination

The doctrine that all events have been willed by God, usually with reference to the eventual fate of the individual soul.

Ethical Egoism

A moral philosophy that posits individuals should act in ways that are in their own self-interest, which can inadvertently or intentionally benefit others.

Self-Interest

Refers to actions that are primarily aimed at benefiting oneself.