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(More difficult) American savings rates are among the lowest of any industrial country. This has caused concern about our ability to finance new plants and equipment for U.S. industry. Some politicians and others have advocated lower taxes on saving as a remedy. Do you expect such a program to be very effective? ‘Why?

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Microeconomics: Principles & Policy

14th Edition
William J. Baumol + 2 others
Publisher: Cengage Learning
ISBN: 9781337794992

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Section
BuyFindarrow_forward

Microeconomics: Principles & Policy

14th Edition
William J. Baumol + 2 others
Publisher: Cengage Learning
ISBN: 9781337794992
Chapter 18, Problem 5DQ
Textbook Problem
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(More difficult) American savings rates are among the lowest of any industrial country. This has caused concern about our ability to finance new plants and equipment for U.S. industry. Some politicians and others have advocated lower taxes on saving as a remedy. Do you expect such a program to be very effective? ‘Why?

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