Higher Levels of Savings Will Result in All of Following

question 26

Multiple Choice

Higher levels of savings will result in all of following except:

• A)​greater economic growth.
• B)​higher capital formation.
• C)​more consumption in the future.
• D)​lower rates of investment.

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Definitions:

Long Run

A period in economics where all factors of production and costs are variable, allowing for all inputs to be adjusted.

Computer Technology

The study and use of computers, software, and systems for processing, storing, and sending information.

Accountants

Professionals who perform accounting functions such as audits or financial statement analysis according to prescribed methods.

Human Capital Investment

The process of increasing an individual's skills, knowledge, and expertise through education, training, and health improvements, aimed at enhancing productivity and earning potential.