The Long-Run Effects of an Increase in the Saving Rate

question 132

Multiple Choice

The long-run effects of an increase in the saving rate include

• A)a higher level of productivity.
• B)a higher growth rate of productivity.
• C)a higher growth rate of income.
• D)All of the above are correct.

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Definitions:

Core Job Dimension

Fundamental aspects of a job that affect an employee's motivation and satisfaction, such as skill variety, task identity, and autonomy.

Internal Work Motivation

The personal drive or intrinsic desire to undertake work tasks effectively, originating from within an individual.

Critical Psychological State

A mental condition integral to the Job Characteristics Model that impacts an employee's motivation, satisfaction, and performance based on core job dimensions.

Job Characteristics Theory

A theory that identifies five core job characteristics (skill variety, task identity, task significance, autonomy, and feedback) that affect job satisfaction, motivation, and performance.