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:

Committed

Refers to being pledged or bound to a certain course or policy, especially in the context of project or resource planning.

Nonspendable

Funds that cannot be spent because they are either not in spendable form or are legally or contractually required to be maintained intact.

Assigned

Assigned typically refers to the allocation or designation of tasks, resources, or responsibilities to a person or a team within an organization.

Restricted

Refers to assets or conditions that are limited in terms of access, use, or transferability due to legal, contractual, or regulatory requirements.