ppf curve and economic growth through savings

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» ppf curve and economic growth through savings

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Jun 17, 2008, 07:38 AM

bakachanski

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ppf curve and economic growth through savings

Economists agree that an economy cannot grow without savings. This means forgoing current consumption, saving, and investing in capital goods. Using the production possibility frontier curve, explain the tradeoff between current consumption and savings and how this impacts economic growth.

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