According to OECD data, in 2015, household saving as a fraction of disposable income in Germany was
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According to OECD data, in 2015, household saving as a fraction of disposable income in Germany was 10.1 percent, while in Brazil it was 14.2 percent. All else equal, what does this difference tell us about the MPC, MPS, and multipliers of the two economies? How would an increase in investment of the same amount impact the aggregate output in each economy?
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Related Book For
Principles Of Macroeconomics
ISBN: 9781292303826
13th Global Edition
Authors: Karl E. Case,Ray C. Fair , Sharon E. Oster
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