Answer to Question #102413 in Macroeconomics for yb

Question #102413
If more Canadians adopted a “live for today” approach to life, how would this affect saving, investment, and the interest rate?
1
Expert's answer
2020-02-06T09:41:51-0500

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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