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In the long-run,increased national saving must
I: increase total labour income in a closed economy.
II: increase total labour income in a small open economy.
Argument
A set of statements wherein one or more of the statements (premises) are claimed to provide support for, or reasons to believe, one of the others (the conclusion).
Proposition
A statement or assertion that expresses a judgement or opinion, which can be true or false.
Chain of Reasoning
A sequence of statements or steps of logic that lead from premises to a conclusion.
Conclusion
The final part of something, such as an argument or text, summarizing or stating the end result.
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