This phenomenon happens more in earlier stages of Albert Ando and Franco Modigliani's life-cycle model, and its opposite, prefixed with a "dis-," happens more in later stages.
In the Ramsay-Cass-Koopmans model, this activity does not increase at a constant rate, like it does in the Solow-Swan model. Building on the work of John von Neumann and Maurice Allais, Edmund Phelps defined the amount of this activity that maximizes the growth in consumption as the "Golden Rule." This phenomenon happens more in earlier stages of Albert Ando and Franco Modigliani's life-cycle model, and its opposite, prefixed with a "dis-," happens more in later stages. Ben Bernanke stated that the deficit during the Great Recession was funded by a "glut" of this activity in countries other than the United States. The marginal (*) propensity to perform this activity is equal to 1 minus the MPC. In order to guarantee "smoothing," individuals perform the "precautionary" type of this activity during periods of uncertainty. During the 1980s and 90s, a large number of institutions where one could take out loans or perform this other activity were shut down. For 10 points, name this economic activity, the opposite of spending.
In the Ramsay-Cass-Koopmans model, this activity does not increase at a constant rate, like it does in the Solow-Swan model.
saving [accept word forms]