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Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
ISBN: 9781337091985

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BuyFindarrow_forward

Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
ISBN: 9781337091985
Textbook Problem

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

In the short run, reduction in consumption and more incr...

Subpart (b):

To determine

Investment and consumptions and its effect on economic growth.

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