In a Closed Economy, If Y, C, and T Remained

question 141

Multiple Choice

In a closed economy, if Y, C, and T remained the same, a decrease in G would

• A)reduce private saving and public saving.
• B)increase private saving but not public saving.
• C)increase public saving but not private saving.
• D)increase neither private nor public saving.

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Definitions:

Lasting Relationships

Relationships characterized by durability, stability, and deep emotional bonds that withstand the test of time.

Force

The physical power or strength exerted or capable of being exerted on an object or process to cause a change in motion or shape.

Social Acceptance

The process by which an individual gains approval, inclusion, or acknowledgment within a group or society.

Nonhuman Animals

Refers to all animals except humans, highlighting the biological and psychological study of animal behavior and cognition.