Suppose Americans decide to save more of their incomes. If banks lend this extra saving to businesses,

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Suppose Americans 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: 9781305081673

7th Edition

Authors: N Gregory Mankiw

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Question Posted: Nov 02, 2024 05:00 AM

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Suppose Americans decide to save more of their incomes. If banks lend this extra saving to businesses,

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Principles Of Microeconomics

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