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Answer to Question #102322 in Macroeconomics for joshua

Question #102322
If more Canadians adopted a “live for today” approach to life, how would this affect saving, investment, and the interest rate? /2
1
Expert's answer
2020-02-05T10:26:00-0500

If more Canadians adopted a “live for today” approach to life, they would spend more and save less. There would be less saving and investment and a higher interest rate.


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