The typical savings supply curve has a positive slope. If a nations saving supply curve had a

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The typical savings supply curve has a positive slope. If a nation’s saving supply curve had a perfectly vertical slope, what would that mean?

a. People in this country save the same amount no matter what the interest rate is.

b. People in this country are extremely sensitive to interest rates when deciding how much to save.

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Modern Principles Of Economics

ISBN: 9781319245399

5th Edition

Authors: Tyler Cowen, Alex Tabarrok

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Question Posted: Feb 16, 2023 05:48 AM

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The typical savings supply curve has a positive slope. If a nations saving supply curve had a

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Modern Principles Of Economics

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