For a Given Level of Private Saving,a Decrease in the Government's

question 83

Multiple Choice

For a given level of private saving,a decrease in the government's budget deficit ________ the long-run rate of economic growth.

• A)will reduce
• B)will leave unchanged
• C)will increase
• D)will diminish
• E)none of the above

---

Definitions:

Sales Agreement

A contract between a buyer and seller outlining the terms and conditions of a sale of goods or services.

Lease Agreement

A contract between a landlord and a tenant specifying the terms under which the tenant may occupy and use a property for a defined period.

Uniform Commercial Code (UCC)

A statutory source of contract law in the United States that is applicable to transactions involving the sale of goods. The UCC was created in 1952 and adopted by all 50 states, the District of Columbia, and the Virgin Islands; it may be modified by each state to reflect the wishes of the state legislature.

Sellers/Lessors

Sellers or lessors are individuals or entities that provide goods or property for sale or lease to buyers or lessees, respectively.