The U.S. savings rate fell from an annual rate of around 13% in the mid-1970s to 6%

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The U.S. savings rate fell from an annual rate of around 13% in the mid-1970s to 6% at the end of 2018. What are the consequences of a declining savings rate for economic growth?

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Principles Of Economics

ISBN: 9781319330156,9781319419769

2nd Edition

Authors: Betsey Stevenson, Justin Wolfers

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Question Posted: Feb 20, 2024 01:01 AM

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The U.S. savings rate fell from an annual rate of around 13% in the mid-1970s to 6%

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A declining savings rate can have several negative consequences for economic growthincluding Reduced ...View the full answer

Principles Of Economics

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