In the Long Run,a Higher Saving Rate

question 77

Multiple Choice

In the long run,a higher saving rate

• A)cannot increase the capital stock.
• B)means that people must consume less in the future.
• C)increases the level of productivity.
• D)None of the above is correct.

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Definitions:

Sustainability Efforts

Initiatives aimed at promoting environmental stewardship, social responsibility, and economic viability for long-term benefits.

Tax Reform Laws

Legislation passed to amend or completely overhaul a government's tax system to improve its function or to provide economic incentives.

Fuel-Efficient

A characteristic of a vehicle or machine that uses fuel in an effective manner, resulting in more output per unit of fuel consumed.

Eco-Efficient

Practices or processes that aim to reduce environmental impacts while maximizing productivity and resource efficiency.