Suppose there is a reduction in the saving rate. Explain what effect this will h

ID: 2721393 • Letter: S

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Suppose there is a reduction in the saving rate. Explain what effect this will have on output, output per worker, the rate of growth of output, and the rate of growth of output per worker and consumption per worker Suppose there is a reduction in the saving rate. Explain what effect this will have on output, output per worker, the rate of growth of output, and the rate of growth of output per worker and consumption per worker Suppose there is a reduction in the saving rate. Explain what effect this will have on output, output per worker, the rate of growth of output, and the rate of growth of output per worker and consumption per worker

Explanation / Answer

The effect of reduction in the sving rate is as follows:

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Suppose there is a reduction in the saving rate. Explain what effect this will h

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