The U.S. savings rate fell from an annual rate of around 13% in the mid-1970s to 6%
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The U.S. savings rate fell from an annual rate of around 13% in the mid-1970s to 6% at the end of 2018. What are the consequences of a declining savings rate for economic growth?
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A declining savings rate can have several negative consequences for economic growthincluding Reduced ...View the full answer
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Related Book For
Principles Of Economics
ISBN: 9781319330156,9781319419769
2nd Edition
Authors: Betsey Stevenson, Justin Wolfers
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