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Question 13 (2 points} 111 the long run, which of the following is an effect ofa higher saving rate? 0 People must consume 1e 55

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Question 13 (2 points} 111 the long run, which of the following is an effect ofa higher saving rate? 0 People must consume 1e 55 in the future. 0 It leads to higher growth to real GDP. 0 It increases productivity. 0 It decreases the capital Stock. Question 14 (2 points) Which of the following best describes the catch-up effect? O If investment spending is low, increased saving will help investment to "catch up." O Rich countries aid relatively poor countries so as to help them "catch up." O It is easier for a country to grow fast and "catch up" with richer countries if it starts out relatively poor. O Saving will always "catch up" with investment spending

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