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Is Saving bad for the economy
Essay specific features
Written by:
Cecilia H
Date added:
November 17, 2012
Level:
University
Grade:
No of pages / words:
3 / 779
Was viewed:
3396 times
Rating of current essay:
Essay content:
This relates to the article at hand clearly and somehow it goes along side by side with what Shostak had discussed in his article.
The article discusses the concern of the Fed's Open Market Committee in year 2001 that consumers might boost their savings thereby weakening the economic expansion. Shostak goes further by stating that savings could be detrimental to the economy as it weakens the demand for goods and services...
displayed 300 characters
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Shostak goes further by stating that savings could be detrimental to the economy as it weakens the demand for goods and services. He also describes the how is the economy is a circular flow of money by giving several examples. He states that what one person spends is consider as earnings for another...
displayed 300 characters
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