Suppose that the head of the Finance Ministry in your country were to go on the record
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Suppose that the head of the Finance Ministry in your country were to go on the record advocating an effort to restrain current consumption, arguing that "lower consumption now means higher savings; and higher savings now means a permanent higher level of consumption in the future." What would you make of such statement?
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The statement made by the head of the Finance Ministry implies an understanding of the relationship between current consumption savings and future con...View the full answer
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