Given income, how are consumption and saving linked? What is the basic motivation for saving?

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Macroeconomics

ISBN: 978-0321675606

6th Canadian Edition

Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone

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Question Posted: Apr 01, 2016 03:46 AM

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Given income, how are consumption and saving linked? What is the basic motivation for saving?

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To conclude i can say that saving is current income m...View the full answer

Macroeconomics

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