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Principles of Macroeconomics (Mind...

8th Edition
N. Gregory Mankiw
Publisher: Cengage Learning
ISBN: 9781305971509

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Chapter
Section
BuyFindarrow_forward

Principles of Macroeconomics (Mind...

8th Edition
N. Gregory Mankiw
Publisher: Cengage Learning
ISBN: 9781305971509
Chapter 12, Problem 2PA
Textbook Problem
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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?

Subpart (a):

To determine
Investment and consumptions and its effect on economic growth.

Explanation of Solution

In the short run, reduction in consum...

Subpart (b):

To determine
Investment and consumptions and its effect on economic growth.

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