A Higher Return on Saving ______ the Amount a Household

question 111

Short Answer

A higher return on saving ______ the amount a household needs to save to achieve any target level of future consumption. This effect on saving is called the _______ effect. If the income effect is large enough, then a reduction in taxes on saving might ______ tax revenues.

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Definitions:

Certification Mark

A certification mark is a symbol, name, or seal used to indicate that a product, person, or service has met established standards set by a certifying authority.

Collective Mark

A trademark or service mark used by members of a cooperative, association, or other group to indicate membership.

Trademark Renewed

The process of extending the legal protection of a trademark beyond its initial registration period to maintain exclusive rights to the mark.

Initial Renewal

A process where an official agreement or registration is extended beyond its original end date.