Suppose that society decided to reduce consumption and
suppose that society decided to reduce consumption and increase investment.
How would this change affect economic growth?
What groups in society would benefit from this change? what groups might be hurt?
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Jon drops $100 bill. (no one in the economy holds currency). Bank keeps 5% of it's money in reserves. How much money can the bank initially lend out After this initial transaction by how much is the money in the economy changed
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what is the opportunity cost of investing in capital do you think a country can overinvest in capital what is the opportunity cost of investing in human capital do you think a country can overinvest in human capital
suppose that society decided to reduce consumption and increase investment. How would this change affect economic growth What groups in society would benefit from this change what groups might be hurt
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