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) provides a fund for wages needed from any unexpected population growth.
C) can finance new investment and capital formation.
D) All of the above answers are correct.
Correct Answer:
Verified
Q56: The aggregate production function shows how _
Q57: If the price level increases, but workers'
Q59: Ongoing economic growth in real GDP per
Q60: Several factors are important for achieving faster
Q62: Equilibrium in the labour market
A)means that resources
Q63: _ is the knowledge and skill
Q64: If a rich country grows at a
Q65: An advance in technology will
A)shift the production
Q66: All of the following would stimulate economic
Q235: According to neoclassical growth theory, the higher
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents