Consider a Closed Economy in the Long Run

question 72

Multiple Choice

Consider a closed economy in the long run.A country with a low national saving rate (as a fraction of real GDP) is likely to have

• A)a high growth rate because aggregate expenditure will be high out of any given income.
• B)either a high or low growth rate depending on the investment schedule.
• C)an AS curve moving continually to the right.
• D)trouble achieving potential real national income in the short run.
• E)a low growth rate because sustained high investment is not possible with low saving.

Recognize the importance of human factors psychology in designing effective and efficient workspaces.

Understand strategies for improving employee motivation, morale, and workplace effectiveness.

Understand the diverse cultures and lifestyles of early Native Americans and their adaptability to environmental changes.

Comprehend the significance of agriculture, particularly corn cultivation, to Native American societies.

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Definitions:

Biological Diversity

Refers to the variety and variability of life forms within a given ecosystem, region, or on the entire planet. It encompasses the diversity of species, their genes, and the ecological complexes they are part of.

Melanin

A pigment found in skin, hair, and eyes that determines color and provides protection against ultraviolet light.

Skin Color

The pigmentation of a person's skin, primarily determined by genetic inheritance and exposure to sunlight, which can vary significantly among individuals and populations.

Thrifty Genotype

A hypothesis suggesting that certain genotypes, which efficiently store fat during periods of abundance, were advantageous for survival during times of scarcity but may predispose individuals to diabetes and obesity in modern times.