4. Because capital is subject to diminishing returns, higher saving and investment does not lead to which

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4. Because capital is subject to diminishing returns, higher saving and investment does not lead to which of the following conditions?

a. higher income in the long run

b. higher income in the short run

c. higher growth in the long run

d. higher growth in the short run

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Principles Of Macroeconomics

ISBN: 9780176591977

7th Canadian Edition

Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie

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Question Posted: Sep 28, 2024 07:02 AM

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4. Because capital is subject to diminishing returns, higher saving and investment does not lead to which

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Principles Of Macroeconomics

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