Consider a closed economy in the long run. A country with a low national saving rate (as a fraction of real GDP) is like
Posted: Mon May 02, 2022 7:43 am
Consider a closed economy in the long run. A country with a low
national saving rate (as a fraction of real GDP) is likely to
have
Question 12 options:
an AS curve moving continually to the
right.
a low growth rate because sustained high investment is not
possible with low saving.
a high growth rate because aggregate expenditure will be high
out of any given income.
either a high or low growth rate depending on the investment
schedule.
national saving rate (as a fraction of real GDP) is likely to
have
Question 12 options:
an AS curve moving continually to the
right.
a low growth rate because sustained high investment is not
possible with low saving.
a high growth rate because aggregate expenditure will be high
out of any given income.
either a high or low growth rate depending on the investment
schedule.