Which of the following best describes the catch-up effect? Question 14 options: It is easier for a country to grow fast and "catch up" with richer countries if it starts out relatively poor. Saving will always "catch up" with investment spending. If investment spending is low, increased saving will help investment to "catch up." Rich countries aid relatively poor countries so as to help them "catch up."
Which of the following best describes the catch-up effect? Question 14 options: It is easier for a country to grow fast and "catch up" with richer countries if it starts out relatively poor. Saving will always "catch up" with investment spending. If investment spending is low, increased saving will help investment to "catch up." Rich countries aid relatively poor countries so as to help them "catch up."
Chapter8: The Keynesian Model
Section: Chapter Questions
Problem 17SQ
Related questions
Question
Which of the following best describes the catch-up effect?
Question 14 options:
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It is easier for a country to grow fast and "catch up" with richer countries if it starts out relatively poor.
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Saving will always "catch up" with investment spending.
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If investment spending is low, increased saving will help investment to "catch up."
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Rich countries aid relatively poor countries so as to help them "catch up."
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