5. Saving is also necessary for capital formation. Thus, if aggregate demand is sufficient to maintain full

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5. Saving is also necessary for capital formation. Thus, if aggregate demand is sufficient to maintain full employment, increased saving could facilitate investment, capital formation, and a higher level of future income.

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Economics Private And Public Choice

ISBN: 9780123110404

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

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Question Posted: Oct 25, 2024 07:01 AM

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5. Saving is also necessary for capital formation. Thus, if aggregate demand is sufficient to maintain full

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Economics Private And Public Choice

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