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Some people have said that the Soviet Union saved too much. Explain the benefit of saving in the long run and how over-saving could be possible.

Some people have said that the Soviet Union saved too much. Explain the benefit of saving in the long run and how over-saving could be possible.

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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6) Some people have said that the Soviet Union saved too much. Explain the benefit of saving in the long run and how over-saving could be possible.

7) Give an example of a government policy that could change savings behavior and an example that could change the productivity in an economy.

8) Explain why the Federal Reserve’s goals of lowering inflation and unemployment creates a time consistency problem. Explain using the short and medium run Phillip’s curve.

9) Show a liquidity trap situation on an IS-LM graph. Explain the possible policy changes to end this situation.

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