Other Things the Same,if a Country Raises Its Saving Rate,when

question 145

Multiple Choice

Other things the same,if a country raises its saving rate,when is growth of real GDP per person higher?

• A)as the economy moves toward the long run and in the long run.
• B)as the economy moves toward the long run,but not in the long run.
• C)in the long run,but not as the economy moves toward the long run.
• D)neither as the economy moves toward the long run,nor in the long run.

---

Definitions:

Empirical Research

A way of gaining knowledge by means of direct and indirect observation or experience.

Psychological Theories

Concepts and principles developed to explain and predict behavior and mental processes.

Trial and Error

A problem-solving method involving repeated, varied attempts which are continued until success, or until the practitioner stops trying.

Mood Stabilizer

Medication used to treat mood disorders such as bipolar disorder, helping to prevent extreme shifts in mood.