Other Things Held Constant, Higher Saving Rates Lead to

question 1

Multiple Choice

Other things held constant, higher saving rates lead to

• A) a lower standard of living.
• B) increases in the number of hours workers work.
• C) decreases in real per capita GDP.
• D) higher living standards.

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Definitions:

Experimental Result

The outcome or data obtained from conducting a scientific experiment.

Populism

A belief in the wisdom of the common people and in the equality of all people.

Pop Culture

Modern popular culture transmitted via mass media and aimed particularly at younger people.

Civil Disobedience

The active, nonviolent refusal to obey a law that is deemed unjust.