If Consumers Decide to Save a Larger Percentage of Their

question 89

Multiple Choice

If consumers decide to save a larger percentage of their income,it will be:

• A) harmful in the long run because the price level will rise.
• B) beneficial in the short run because saving will rise.
• C) beneficial in the long run because interest rates will fall.
• D) harmful in the long run because aggregate supply will fall.
• E) harmful in the long run because unemployment will increase.

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Definitions:

Sense Of Belonging

The feeling of being accepted and included in a social, emotional, or professional group.

Valued

Being valued refers to the appreciation or high regard that someone or something is held in, based on qualities or contributions perceived as important or beneficial.

Sense Of Religiosity

A personal or communal system of beliefs, practices, and values relating to the search for existential meaning, often connected with a faith in a higher power or spiritual elements.

Death Anxiety

The fear or apprehension of death or dying.