A.Describe three ways in which a government policymaker can try to raise the growth in living standards in a society. Are there any drawbacks to these policies?

B. "Some economists worry that the aging populations of industrial countries are going to start running down their savings just when the investment appetite of emerging economies is growing" (The Economist, May 6, 1995). Illustrate the effect of this phenomenon on the world market for loanable funds. What is the effect on the interest rate and the quantity of loanable funds? (explain with graph + words).