Compare savings surplus and savings deficit units. Indicate which economic units are generally one type or the other.
Answer to relevant QuestionsDescribe the recent levels of savings rates in the United States. How does each stage relate to the amount and type of individual savings? Briefly describe credit ratings and credit scores. How would your answer change in Problem 1 if the gross domestic product had been $14 million? Describe how interest rates may adjust to an unanticipated increase in inflation.
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