Do higher saving rates affect longrun economic growth

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Reference no: EM131090301

1. A. Do higher saving rates affect longrun economic growth? Explain.

B. Do higher investments in research and development affect longrun economic growth? Explain.

2. Might a job retraining program be a more useful policy to address structural unemployment than to address frictional unemployment?

3. A. Explain with the help of a graph how the minimum wage might cause unemployment;

B. Explain with the help of a graph how the efficiency wage might cause unemployment.

Reference no: EM131090301

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