The Long-Run Effects of an Increase in the Saving Rate

question 132

Multiple Choice

The long-run effects of an increase in the saving rate include

• A)a higher level of productivity.
• B)a higher growth rate of productivity.
• C)a higher growth rate of income.
• D)All of the above are correct.

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Definitions:

Deducted

Subtracted from a total amount, usually referring to amounts removed from income or expenses for the purpose of calculation.

Sued

The act of bringing a lawsuit against an individual or entity, claiming that they committed a wrong or injustice that should be remedied through legal action.

Evict Tenant

To evict a tenant means to legally remove a tenant from a rental property, typically due to violation of a rental agreement or non-payment of rent.

Prescribed Procedure

A set method or course of action dictated by rules or regulations that is meant to be followed in specific situations.