Macroeconomics

Consider An Economy In The Long Run That Adopts An ‘Eat Drink And Be Merry’ Philosophy Leading To An Outburst Of

Question

Consider an economy in the long run that adopts an ‘eat, drink and be merry’ philosophy leading to an outburst of

consumption expenditures (on food, booze and merriment). What happens to the market for loanable funds?

Macroeconomics

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