Use the concepts of income effect and substitution effect to explain why the effect on desired saving
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The effect on desired saving of an increase in the expected real interest rate is potentially ambigu...View the full answer
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Related Book For
Macroeconomics
ISBN: 978-0321675606
6th Canadian Edition
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
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