The Catch-Up Effect Refers To The Idea That

(Correct Answer Below)

The Catch-Up Effect Refers To The Idea That

that a. saving will always catch-up with investment spending. b. it is easier for a country to grow fast and so catch-up if it starts out relatively poor. c. population eventually catches-up with increased output. d. if investment spending is low, increased saving will help investment to "catch-up."
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B

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