In the Long Run, an Increase in Saving Will Generally

question 242

Multiple Choice

In the long run, an increase in saving will generally:

• A) reduce the rate of economic growth.
• B) leave the rate of economic growth unchanged.
• C) increase the rate of economic growth.
• D) increase consumption simultaneously.

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Definitions:

Dogon Sculpture

Traditional sculptures created by the Dogon people of Mali, known for their religious significance and representation of figures.

Kongo Sculpture

Traditional sculptures from the Kongo people of central Africa, which often hold spiritual significance and are used in rituals and as symbols of authority.

Animal Sacrifices

are rituals performed in various religions where animals are offered to gods or deities, believed to appease them or seek their favor.

Benin King

The ruler of the Benin Empire, a pre-colonial African state located in what is now southern Nigeria, known for its art, especially bronze sculptures.