In a closed economy,if Y remained the same,but G rose,T rose by the same amount as G,and C fell but by less than the increase in T,what would happen to private and national saving?
A) national saving would fall and private saving would rise
B) national saving would rise and private saving would fall
C) both national saving and private saving would fall
D) None of the above is correct.
Correct Answer:
Verified
Q84: Which of the following restrictions implies that
Q85: Scenario 26-2.Assume the following information for an
Q86: Last quarter in a closed economy GDP
Q87: Scenario 26-2.Assume the following information for an
Q88: In a closed economy,if Y and T
Q90: Scenario 26-3.Assume the following information for an
Q91: National saving
A)is the total income in the
Q92: Which of the following restrictions implies that
Q94: Scenario 26-2.Assume the following information for an
Q189: In a closed economy, if Y, C,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents