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

question 41

Multiple Choice

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

• A)public and national saving would rise
• B)public and national saving would fall
• C)public saving would rise and national saving would fall
• D)public saving would fall and national saving would rise

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Definitions:

Specific Brand

A particular brand that is distinguished by its unique identity, product offerings, and market position.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers at those prices.

Price and Demand

An economic principle stating that the demand for a product inversely varies with its price; as the price increases, demand usually decreases.

Specific Period

A distinct length of time with a defined beginning and end, often referenced in contracts, projects, or historical contexts.