Generally there is an inverse relationship between the level of savings and the level of long-term economic growth.

Name: Generally there is an inverse relationship between the level of savings and the level of long-term economic growth.
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Question

Quizplus · Accepted Answer

The statement is false. Generally, a higher level of savings can contribute to long-term economic growth as it allows for more investment in capital goods and technology which can enhance productivity, increase output, and stimulate growth.

Generally There Is an Inverse Relationship Between the Level of Savings