In the Long Run,an Increase in the Saving Rate

question 15

Multiple Choice

In the long run,an increase in the saving rate

• A)doesn't change the level of productivity or income.
• B)raises the levels of both productivity and income.
• C)raises the level of productivity but not the level of income.
• D)raises the level of income but not the level of productivity.

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Definitions:

National Brands

Products that are manufactured and marketed by a company under its own brand name across a country.

Society's Well-being

The overall health, happiness, and prosperity of a community or society, reflecting quality of life and economic success.

Sustainable Growth

Sustainable Growth refers to the rate at which a company can grow its sales, profits, and value without running into financial difficulties, while also considering its environmental and social impact.