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Discuss the following the question. When one person saves more, that person's wealth is increased, meaning that he or she can consume more in the
Discuss the following the question. When one person saves more, that person's wealth is increased, meaning that he or she can consume more in the future. On the other hand, when everyone saves more, everyone's income falls, meaning that everyone must consume less today. Discuss the seeming contradiction of the two statements.
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