The catch-up effect refers to the idea that Select one: a. If investment spending is low, increased saving will help investment to catch-up b. None of the answers are correct c. Saving will always...

Extracted text: The catch-up effect refers to the idea that Select one: a. If investment spending is low, increased saving will help investment to catch-up b. None of the answers are correct c. Saving will always catch-up with investment spending d. It is easier for a country to grow fast if it starts out relatively poor e. Rich countries aid relatively poor countries so as to catch them up