In what sense is capital accumulation costly to a society?
Capital accumulation requires that society consume less now and save more of its current income. The foregone consumption is the cost of future capital accumulation.
Economics
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Prior to almost all recessions since 1950, there has been a drop in
A) inflation. B) the money stock. C) the growth rate of the money stock. D) interest rates.
Economics
The present value of an asset and the rate of interest
a. are not related b. are related inversely c. cannot change in opposite directions d. are equivalent e. are directly related
Economics