In a Closed Economy,a Decrease in Government Spending While Taxes

question 65

Multiple Choice

In a closed economy,a decrease in government spending while taxes remain the same will be accompanied by

• A)a decrease in private investment and an increase in privates saving.
• B)an increase in private investment and a decrease in private savings.
• C)a decrease in private investment only.
• D)an increase in private savings only.

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Definitions:

Too-Much-Talent Effect

The phenomenon where having too many highly talented individuals in a team leads to diminishing returns, often because of coordination failures or ego clashes.

Team Coordination

The process of integrating activities, efforts, and resources among team members to achieve common goals efficiently.

High Degree

A measure of how many connections or relationships a node has in a network.

Team Size

relates to the number of members in a team, which can influence aspects of team functionality such as communication, collaboration, and conflict.