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U.S. urges china to save less buy more.
Essay specific features
Written by:
Anonymous
Date added:
May 13, 2011
Level:
University
Grade:
A
No of pages / words:
5 / 1199
Was viewed:
3797 times
Rating of current essay:
Essay content:
A low spending rate can be attributed to many factors. One such factor is the expectations of price changes. If people expect the prices of goods to be cheaper in the future, their current consumption will drop. Another factor that can be attributed to a low spending rate is credit and interest rates...
displayed 300 characters
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If people expect the prices of goods to be cheaper in the future, their current consumption will drop. Another factor that can be attributed to a low spending rate is credit and interest rates. Many durable goods (defined as goods expected to last at least a year) are bought on credit, and if credit is not readily available or if interest rates are unattractive, then the purchase of expensive durables will drop, dropping the MPC...
displayed 300 characters
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