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Less developed countries have difficulty achieving high rates of economic growth because these countries tend to have low savings rates. How does a low savings
Less developed countries have difficulty achieving high rates of economic growth because these countries tend to have low savings rates. How does a low savings rate contribute to slow economic growth? Question 5Select one: a. A low savings rate causes the government to increase personal income tax rates b. A low savings rate means consumers are spending less c. A low savings rate reduces the funds available for business investment d. A low savings rate causes a short-run increase in the unemployment rate
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