Using the simple Keynesian model to assess the implications for equilibrium GDP and the level of savings of an increase in the savings function. What would happen to equilibrium income if there is a sustained rise in private investment spending.
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Expert's answer
2012-09-25T11:53:27-0400
Using the simple Keynesian model to assess the implications for equilibrium GDP and the level of savings of an increase in the savings function, we can say, that Paying off debt = savings increase and Consumption decrease.
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