An increase in the saving rate would, other things the same,
a. increase growth more for a poor country than for a rich country, and raise growth permanently.
b. increase growth more for a poor country than for a rich country, but raise growth temporarily.
c. increase growth more for a rich country than for a poor country, and raise growth permanently.
d. increase growth more for a rich country than for a poor country, but raise growth temporarily.
b
You might also like to view...
Explain the income effect and the substitution effect due to an increase in the wage rate
What will be an ideal response?
The Fed
A) can examine the books of a member bank without warning. B) can examine the books of a member bank after giving advance notice. C) can examine the books of a member bank with the bank's permission. D) is never allowed to see the books of a privately owned bank.
According to the ________ Phillips curve, the unemployment rate and the inflation rate are negatively related
A) long-run and short-run B) rational expectations C) short-run D) long-run
Oligopolists have a mutual interest in coordinating production decisions in order to maximize joint
A. Costs. B. Profits. C. Market share. D. Revenues.