French savings rates are currently above the average rates of developed countries. Assuming that France is at

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French savings rates are currently above the average rates of developed countries.

Assuming that France is at its steady-state, show how a decrease in the savings rate would affect the levels and growth rates of capital and output per worker.

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Macroeconomics Policy And Practice

ISBN: 9781292019598

2nd Global Edition

Authors: Frederic S Mishkin

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