Responding to the economic conditions in the United Kingdom in 1932, Friedrich Hayek and his colleagues believed that it was important to boost aggregate demand, because doing so would reduce private savings. It was important to reduce private saving, because doing so would boost aggregate demand It was perilous to weaken private saving, because doing so might reduce government spending. it was perilous to weaken private saving, because doing so might reduce productive investment.
Responding to the economic conditions in the United Kingdom in 1932, Friedrich Hayek and his colleagues believed that it was important to boost aggregate demand, because doing so would reduce private savings. It was important to reduce private saving, because doing so would boost aggregate demand It was perilous to weaken private saving, because doing so might reduce government spending. it was perilous to weaken private saving, because doing so might reduce productive investment.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Responding to the economic conditions in the United Kingdom in 1932, Friedrich Hayek and his colleagues believed that
it was important to boost aggregate
It was important to reduce private saving, because doing so would boost aggregate demand
It was perilous to weaken private saving, because doing so might reduce government spending.
it was perilous to weaken private saving, because doing so might reduce productive investment.
Type the correct answer ASAP with proper explanation of the each option given. Thank you
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