Which of the Following Is Not Correct

question 173

Multiple Choice

Which of the following is not correct?

• A) American families save a larger fraction of their incomes than their counterparts in many other countries such as Germany and Japan.
• B) Saving is an important long-run determinant of a nation's standard of living.
• C) A change in tax laws that encouraged greater saving would lower interest rates.
• D) Taxes on interest income can substantially decrease the future value of current saving.

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