Suppose Canadians decide to save more of their incomes. If banks lend this extra saving to businesses,
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Suppose Canadians decide to save more of their incomes. If banks lend this extra saving to businesses, which use the funds to build new factories, how might this lead to faster growth in productivity? Who do you suppose benefits from the higher productivity? Is society getting a free lunch?
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Related Book For
Principles Of Microeconomics
ISBN: 9780176872823
8th Canadian Edition
Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie
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