Question
Answer the following question from Harvard's general examination in economics (May 2, 1957): During the 1930's many economists claimed that the economy was stagnant because
Answer the following question from Harvard's general examination in economics (May 2, 1957):
During the 1930's many economists claimed that the economy was stagnant because of the high rate of saving. Today many of the same economists are claiming that an even higher rate of saving is essential for rapid economic growth. Are these pronouncements consistent? Explain your answer.
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Environmental And Natural Resource Economics
Authors: Thomas H Tietenberg, Lynne Lewis
10th Edition
1315523965, 9781315523965
