In a Closed Economy with Fixed Output, When Government Spending

question 171

Multiple Choice

In a closed economy with fixed output, when government spending increases:

• A) private saving decreases.
• B) private saving increases.
• C) public saving decreases.
• D) public saving increases.

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Definitions:

Flexible

The quality of being able to adapt to new, different, or changing requirements and situations.

Abstract

A summary of a research paper or article that provides an overview of its key points, methodology, results, and conclusions.

Seriation

The cognitive ability to arrange objects in an order according to a specific criterion, such as size or color, a crucial skill in early mathematical development.

Biological Relationship

A connection between individuals who share genetic ties, such as parent and child or siblings.