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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Use the data in the text to contrast the policy prescriptions of the high-income, middle-income, and low-income countries.

To determine

To contrast: the macroeconomics policies for high-income countries, middle-income countries, and low-income countries

Explanation

The high-income countries should focus on developing the educated workforce and work on their innovations and new technologies so as to maintain their economies.

The middle-income industries should make efforts to have increments in the capital and new technologies. It should reduce the regulations of banking and financial sectors...

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