Suppose an economy experiences an increase in its saving rate. The higher saving rate leads to a higher growth rate of productivity

a. in the short run, but not in the long run.
b. in the long run, but not in the short run.
c. in both the short run and the long run.
d. in neither the short run nor the long run.

a

Economics

You might also like to view...

Select the phrase that correctly completes the following statement. "An increase in input prices caused a decrease in the supply of baseballs. As a result ________."

A) the price of baseballs increased and the quantity demanded of baseballs decreased B) the equilibrium quantity of baseballs increased C) the price of baseballs increased. The higher price caused the supply of baseballs to increase D) the price of baseballs increased and the demand for baseballs decreased

Economics

It is not optimal to have equal incomes

a. True b. False Indicate whether the statement is true or false

Economics