Immediately Following the Increase in the Saving Rate, Output Grows

question 51

Multiple Choice

Immediately following the increase in the saving rate, output grows rapidly. As the economy approaches its new steady state:

• A) the growth rate gradually increases
• B) the growth rate gradually declines
• C) the growth rate is constant
• D) the growth rate is negative
• E) None of these answers are correct.

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Definitions:

Bar Chart

Figure that uses bars to represent the frequency or percentage of a sample corresponding to each value of a variable.

Histogram

A graphical representation of data using bars of different heights to show the distribution of values in a continuous data set.

Bar Chart

A graphical representation of data using bars of varying heights or lengths to show the values across different categories.

Frequency Polygon

A graphical representation of the distribution of a dataset that uses lines connecting points representing the frequencies of respective values.