Using the Keynesian model, explain the effect on national income of an autonomous increase in saving.

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International Economics

ISBN: 9780078021671

8th Edition

Authors: Dennis Appleyard, Alfred Field

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Question Posted: Dec 02, 2015 04:30 AM

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Using the Keynesian model, explain the effect on national income of an autonomous increase in saving.

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An autonomous increase in saving at each income level is equivalent to an autonomous decreas...View the full answer

International Economics

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