The Uses-Of-Saving Identity Shows That If the Government Budget Deficit

question 22

Multiple Choice

The uses-of-saving identity shows that if the government budget deficit rises, then one of the following must happen:

• A) private saving must rise, investment must fall, and/or the current account must fall.
• B) private saving must rise, investment must fall, and/or the current account must rise.
• C) private saving must rise, investment must rise, and/or the current account must fall.
• D) private saving must rise, investment must rise, and/or the current account must rise.

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Definitions:

Ambiguous Offer

An offer in a contract that is unclear and can be reasonably interpreted in more than one way.

UCC

The Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States, including sales, leases, negotiable instruments, and secured transactions.

CISG

The United Nations Convention on Contracts for the International Sale of Goods, governing the sale of goods between parties from different countries.

Restatement Second

A collection of treatises on U.S. law aimed at summarizing, clarifying, and perhaps modernizing the law, with "Second" indicating a second edition of a subject area.