Choose the Word or Phrase in [ ] Which Will

question 75

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-In the wake of the recent financial crisis,the U.S.personal saving rate has [increased | decreased].

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Definitions:

Rules of thumb

General principles that provide practical instructions or guidance, based on experience rather than theory, for making decisions or solving problems.

Simplifying strategies

Approaches or methods aimed at reducing complexity and making tasks or processes easier to understand and manage.

Heuristics

Mental shortcuts or rules of thumb that simplify decision-making processes, often used when facing complex problems or incomplete information.

Assign probabilities

The process of attributing a numerical likelihood to the occurrence of specific events, often used in decision-making to evaluate risks and possibilities.