In a Closed Economy,if Y Remained the Same,but G Rose,T

question 72

Multiple Choice

In a closed economy,if Y remained the same,but G rose,T rose by the same amount as G,and C fell but by less than the increase in T,what would happen to private and national saving?

• A)national saving would fall and private saving would rise
• B)national saving would rise and private saving would fall
• C)both national saving and private saving would fall
• D)None of the above is correct.

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Definitions:

Cultural Views

Perspectives or opinions shaped by the cultural background and experiences of individuals or communities.

Parenthood

The state or experience of being a parent, encompassing the responsibilities, joys, challenges, and changes it brings to an individual's life.

Childlessness

The state or condition of not having children, either by choice or due to circumstances.

Family And Medical Leave Act

is a United States labor law requiring covered employers to provide employees with job-protected and unpaid leave for qualified medical and family reasons.