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If households decide to save a larger portion of their income, what effect would this have on the output, employment, and price level in the short run? What about the long run?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter24: The Aggregate Demand/aggregate Supply Model

Section: Chapter Questions

Problem 48CTQ: If households decide to save a larger portion of their income, what effect would this have on the...

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