When the Government Runs a Budget Deficit, National Saving Is

question 69

True/False

When the government runs a budget deficit, national saving is reduced, interest rates rise, and investment falls.

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Definitions:

Employee

An individual who is hired by an employer to perform a specific job or task and is paid a wage or salary in return.

Quit

To leave or discontinue a process, job, or action.

At-Will Employee

An employment arrangement where either the employer or the employee can terminate the employment relationship at any time and for any reason, except an illegal one.

Contract

A promise or set of promises for the breach of which the law gives a remedy or the performance of which the law in some way recognizes a duty.