If a Larger Share of National Output Is Devoted to Investment

question 83

Multiple Choice

If a larger share of national output is devoted to investment, then living standards will:

• A) always decline in the short run but rise in the long run.
• B) always rise in both the short and long runs.
• C) decline in the short run and may not rise in the long run.
• D) rise in the short run but may not rise in the long run.

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Definitions:

Cognitively

Relating to the mental process of acquiring knowledge and understanding through thought, experiences, and the senses.

Complicated Bereavement

A prolonged and intense period of mourning that disrupts normal functioning and may require professional help to resolve.

Cognitions

Refers to the mental actions or processes involved in acquiring knowledge and understanding through thought, experience, and the senses.

Negative

Pertaining to a lack or absence; often denotes something detrimental, undesirable, or expressing refusal.