The saving ratio was remarkably stable between 1895 and 1980. When we examine cross-section data, however, we

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The saving ratio was remarkably stable between 1895 and 1980. When we examine cross-section data, however, we find that the saving ratio tends to rise as income rises. How can these two observations be reconciled?
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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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