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An increase in investment increases consumption in the short run, has no effect on consumption in the long run, and has an ambiguous effect on
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Lets break down the effects of an increase in investment on consumption in the short run long run and very long run in the context of the Solow model ...Get Instant Access to Expert-Tailored Solutions
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Exploring Economics
Authors: Robert L Sexton
5th Edition
978-1439040249, 1439040249
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