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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Principles Of Microeconomics

ISBN: 9780176872823

8th Canadian Edition

Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie

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