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Business, 23.03.2020 19:06 brianna8739

Suppose that society decided to reduce consumption and increase investment. More investment leads to economic growth in the short run. Which of the following statements are true about groups in society that would benefit from or be hurt by this change? A. There might be a transition period in which workers and owners in consumption-good industries would get lower incomes. B. All groups can increase their spending. C. Some people will have higher incomes as the result of faster economic growth. D. There might be a transition period in which workers and owners in investment-good industries would get lower incomes.

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