Professor Karkow’s theory fails to explain
the extent to which savings from personal
income has shifted to short-term bonds,
capital-market funds, and other mid-term
investments by the instability in the commodities
market.
A. to which savings from personal income
has shifted
B. of savings from personal income that has
been shifted
C. of savings from personal income shifting
D. to which savings from personal income
have shifted
E. to which savings from personal income
has been shifted
the extent to which savings from personal
income has shifted to short-term bonds,
capital-market funds, and other mid-term
investments by the instability in the commodities
market.
A. to which savings from personal income
has shifted
B. of savings from personal income that has
been shifted
C. of savings from personal income shifting
D. to which savings from personal income
have shifted
E. to which savings from personal income
has been shifted












