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The United States borrows a lot of money from other countries. If you wanted to use the lifecycle theory to explain this, would you say
The United States borrows a lot of money from other countries. If you wanted to use the lifecycle theory to explain this, would you say that the United States is acting like a "young" country, an "old" country, or a "middle-aged" country? There's more than one correct way to answer this
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Microeconomics
Authors: Dean S. Karlan, Jonathan J. Morduch
2nd edition
1259813337, 1259813339, 978-1259813337
