1. The Keynesian consumption function predicted that the saving rate should as the economy gets richer over...

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1. The Keynesian consumption function predicted that the saving rate should as the economy gets richer over time, but the data assembled by Simon Kuznets showed instead that the saving rate .

a. increase, decreased

b. increase, was stable

c. decrease, increased

d. decrease, was stable

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Macroeconomics

ISBN: 9781319263904

11th Edition

Authors: N. Gregory Mankiw

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