In the Long Run,a Higher Saving Rate

question 59

Multiple Choice

In the long run,a higher saving rate

• A)cannot increase the capital stock.
• B)increases the growth rate of income.
• C)increases the growth rate of productivity.
• D)None of the above is correct.

Analyze how service providers can address the challenges of service failures and recovery.

Understand the concept and stages of the diffusion of innovation.

Recognize the importance of trialability and visibility of products in their market adoption rates.

Know the characteristics and purpose of different stages in the product life cycle.

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Definitions:

States

Individual territorial units constituting a federal union, such as those that make up the United States, each with its own government and a degree of autonomy.

Money Supply

The entire sum of available monetary assets in an economy, comprising cash, coins, and the amounts held in checking and savings accounts, at a specific point.

Standard of Value

A recognized measure that is used to set the value of financial transactions, assets, or liabilities, enabling comparability across different entities or time periods.

Backed by Gold

Historically, refers to currencies that were directly convertible into a specified amount of gold, under the gold standard.