In the Classical Theory of Employment,a Rise in the Rate

question 40

Multiple Choice

In the classical theory of employment,a rise in the rate of interest will

• A)increase saving and decrease investment.
• B)decrease saving and increase investment.
• C)increase saving and investment.
• D)decrease saving and investment.

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Definitions:

Old Age

The latter part of life, typically regarded as the years after retirement or the average life expectancy.

Sense Of Intimacy

This is the feeling of closeness and connectedness in a relationship, which fosters a deep, personal bond.

Erikson

refers to Erik H. Erikson, a developmental psychologist known for his theory on the psychosocial development of human beings.

Age 25

Often referred to as the age by which human brain development is typically considered to be fully matured, marking adulthood.