Suppose That Chile Has a Budget Surplus, and Then Goes

question 31

Multiple Choice

Suppose that Chile has a budget surplus, and then goes into deficit. Which of the following best predicts the consequences?

• A)National saving would increase, and Chile's supply of loanable funds would shift to the left.
• B)National saving would increase, and Chile's demand for loanable funds would shift to the right.
• C)National saving would decrease, and Chile's supply of loanable funds would shift to the left.
• D)National saving would decrease, and Chile's demand for loanable funds would shift to the right.

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Definitions:

Ethics

General principles of right and wrong, as opposed to requirements of law.

Professional Behavior

Conduct that is appropriate and expected in a work or business environment, often guided by ethics and standards.

Understanding

The ability to grasp the meaning, significance, or nature of something.

Professional Boundaries

Professional Boundaries are the ethical and policy-based limits that define the relationships between professionals and their clients, ensuring professionalism and protecting both parties' safety and well-being.