(b) State and explain in words what happens to the real interest rate, national saving, investment, consumption, and output. (c) Discuss the likely impact of such policy on the inequality of income between the educated and uneducated labour.

(b) State and explain in words what happens to the real interest rate, national saving, investment, consumption, and output. (c) Discuss the likely impact of such policy on the inequality of income between the educated and uneducated labour.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter17: Income, Poverty, And Health Care

Section: Chapter Questions

Problem 1P

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Question

(b) State and explain in words what happens to the
real interest rate, national saving, investment,
consumption, and output.
(c) Discuss the likely impact of such policy on the
inequality of income between the educated and
uneducated labour.

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