In a Closed Economy,if Y Remained the Same,but G Rose,T

question 72

Multiple Choice

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.

---

Definitions:

Past Dealings

Previous interactions or transactions between parties that can influence the interpretation or the nature of their current contractual obligations.

Body Language

Non-verbal communication through physical behaviors, including gestures, facial expressions, and body positions, which can express emotions, intentions, or social information.

Actual Authority

The explicit power granted to an agent by a principal, either through oral or written agreement, allowing the agent to act on the principal's behalf.

Express Authority

Authorization granted to an agent in clear, direct, and definite terms by the principal.