Multiple Choice
The catch-up effect refers to the idea 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."
Correct Answer:

Verified
Correct Answer:
Verified
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