The percentage of income that Americans save each year ________
A) is much higher than the percentage the Chinese citizens save
B) is higher than the saving rate of most industrialized countries
C) is lower than the saving rate of most industrialized countries
D) increased by a factor of five every year since the 1970s
E) none of the above
C
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Under George W. Bush's administration, antitrust policy:
a. became much more strict. b. prohibited every merger attempts. c. focused increasingly on environmental concerns. d. became more relaxed. e. ignored financial regulation and corporate scandals.
For a given real interest rate, an increase in inflation makes the after-tax real interest rate
a. decrease, which encourages savings. b. decrease, which discourages savings. c. increase, which encourages savings. d. increase, which discourages savings.