Answered: Besides the fact that the rich don't…

Besides the fact that the rich don't need to spend on big-ticket items like higher education, what does Geoghegan speculate is the reason for why the savings rate is so high in Germany?

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter9: Demand-side Equilibrium: Unemployment Or Inflation?

Section9.A: The Simple Algebra Of Income Determination And The Multiplier

Problem 3TY

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Besides the fact that the rich don't need to spend
on big-ticket items like higher education, what
does Geoghegan speculate is the reason for why
the savings rate is so high in Germany?

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