Q24 Saving, investment, and economic growth 6 Points Overall, households in the US have been reducing consumption in order to prepare for retirement

Q24 Saving, investment, and economic growth 6 Points Overall, households in the US have been reducing consumption in order to prepare for retirement. At the same time, the US government is preparing to cut its deficit. Suppose that both of these changes will increase the savings of the US. Q24.1 3 Points Explain what effect these changes the US economy will have on worker productivity in the US. Enter your answer here Save Answer ?? Q24.2 1 Point Will the long-run standard of living in the US be higher or lower? O Higher O Lower Save Answer *Unsaved Changes Q24.3 2 Points Explain your previous answer. Enter your answer here Save Answer