Savings is an important factor influencing economic growth because saving
A) helps the economy maintain the current level of total expenditures when a recession begins.
B) can finance new investment and capital formation.
C) provides a fund for wages needed from any unexpected population growth.
D) All of the above answers are correct.
Correct Answer:
Verified
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Q340: Neoclassical growth theory predicts that
A) capital is
Q341: One policy that would increase the saving
Q342: Which growth theory models growth as a
Q344: To increase the pace of economic growth
Q346: Which of the following policy actions could
Q347: Which of the following policies improves prospects
Q348: Which of the following has NOT been
Q349: Ongoing economic growth in real GDP per
Q350: A higher saving rate leads to faster
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