How would this change affect economic growth

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Reference no: EM132006422

1. Suppose that society decided to reduce consumption and increase investment.

a. How would this change affect economic growth, both in the short term and in the long term?

b. Would it matter what type of investment was undertaken?

c. What groups in society would benefit from this change? What groups might be hurt?

Please answer these questions above

Reference no: EM132006422

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