A Decline in the Savings Rate Causes

question 68

Multiple Choice

A decline in the savings rate causes:

• A) the steady-state level of output and capital to rise
• B) the steady-state level of output to rise and capital to fall
• C) the steady-state level of output and capital to fall
• D) the steady-state level of output and capital to remain constant
• E) the steady-state level of output to rise and capital to remain constant

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Definitions:

Program

A set of coded instructions that tells a computer how to run a task, or an organized plan or schedule of activities.

Political Science

The academic discipline that studies governments, public policies, political processes, political behavior, and ideas about governance.

Liberal

In politics, a viewpoint or ideology favoring policies that emphasize individual freedoms, social justice, and the need for government intervention to achieve these goals.

Moderate

Neither extreme nor excessive, often referring to views, conditions, or amounts that are reasonable or average.