What Happens to National Saving When the Government Runs a Budget

question 26

Essay

What happens to national saving when the government runs a budget surplus? What happens to national saving when the government runs a budget deficit?

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Definitions:

Modeling

A technique in psychotherapy where individuals learn by observing and imitating the behaviors of others.

Reinforcement

The process of encouraging or establishing a pattern of behavior by offering reward or punishment.

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, through which an association is made between a behavior and a consequence for that behavior.

Curfew Extension

The act of prolonging the time before which individuals must cease activities or be indoors, typically imposed by authorities as a regulation or order.