An Increase in the Saving Rate Will NOT Affect Which

question 40

Multiple Choice

An increase in the saving rate will NOT affect which of the following variables in the long run?

• A)output per worker
• B)the growth rate of output per worker
• C)the amount of capital in the economy
• D)capital per worker
• E)none of the above

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Definitions:

Framing

The way information is presented or organized to influence people’s perceptions, decisions, and judgments.

Frames

Intellectual structures or perspectives that shape how individuals perceive and understand information or situations.

Disputes

Conflicts or disagreements arising from differing interests, values, or understandings between parties.

Cognitive Bias

Refers to the systematic pattern of deviation from norm or rationality in judgment, whereby inferences about other people and situations may be drawn in an illogical fashion.