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1. What are some ways to increase economic development?
Pls, give a detailed response.

User Alexglue
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1 Answer

7 votes

Answer:

answer below

Step-by-step explanation:

Lower interest rates – reduce the cost of borrowing and increase consumer spending and investment.

Increased real wages – if nominal wages grow above inflation then consumers have more disposable to spend.

Higher global growth – leading to increased export spending.

User Dredful
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