In the Long Run,a Higher Saving Rate

question 59

Multiple Choice

In the long run,a higher saving rate

• A)cannot increase the capital stock.
• B)increases the growth rate of income.
• C)increases the growth rate of productivity.
• D)None of the above is correct.

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Definitions:

War Powers Act

A 1973 United States federal law that aims to balance the president's power to commit the country to armed conflict without Congress's consent.

Imperial Presidency

A term used to describe the modern presidency of the United States, which is characterized by greater powers than those enumerated in the U.S. Constitution.

Commander-In-Chief

The title held by the president of the United States as the highest-ranking officer in the country's armed forces, responsible for military decisions.

Southern Strategy

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