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Is low savings a problem?
Countries along with low savings are caught into the vicious circle of poverty: there low savings, implies low investment low productivity therefore low income and low savings.
Higher incomes allow higher savings thus investment, higher output, capital formation or accumulation and income and higher savings and many more.
(a) Suppose that the British Pound is quoted at $1.4419-36 and the Swiss Franc is quoted at $0.6250-67. What is the direct quote for the British Pound in Zurich? Note that a direct
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what are the two economy of money?
Consider the following model: Y*i= β 0 X t β 1e U t a) Using the stock adjustment model, estimate the short-run and long-run elasticities b) Comment on the following pr
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