Suppose that society decided to reduce consumption and increase investment. a. How would this change affect economic

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Suppose that society decided to reduce consumption and increase investment.
a. How would this change affect economic growth?
b. What groups in society would benefit from this change? What groups might be hurt?

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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Question Posted: Dec 14, 2012 06:08 AM

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Suppose that society decided to reduce consumption and increase investment. a. How would this change affect economic

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a More investment would lead to faster economic growth in the short run b The change would benefit ...View the full answer

Principles of economics

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