goeringwilliam425 goeringwilliam425
  • 16-02-2024
  • Business
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Use the saving-investment diagram to analyze the effects of the following on national saving, investment, and the real interest rate in a closed economy. Show the changes clearly.
a. Increase in government borrowing
b. Decrease in consumer confidence
c. Technological advancement leading to higher productivity
d. Increase in the propensity to save"

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