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True/False and Explain An increase in savings implies a decrease in consumption and therefore a decrease in GDP.

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter9: Aggregate Demand

Section: Chapter Questions

Problem 3.6P

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True/False and Explain

An increase in savings implies a decrease in consumption and therefore a decrease in GDP.

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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