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Refer to the following figure when answering
Figure 5.4: Solow Diagram
-Consider the Solow model exhibited in Figure 5.4. If a country's savings rate increases, the economy would:
Constitutional Powers
The authorities granted to the various branches of government by a constitution, defining the scope and limits of government action.
Statutory Powers
Legal authorities and powers explicitly granted to a government official, body, or institution by a statute or act passed by a legislative body.
President
The elected head of state and government in a republic, responsible for implementing and enforcing laws written by the legislature and, often, also has the role of commander-in-chief of the armed forces.
Impeached and Convicted
The process and outcome where a public official is charged with misconduct and subsequently found guilty by a legislative body, leading to their removal from office.
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