You observe a closed economy that has a government deficit and positive investment. Which of the following is correct? Select one: a. Both private saving and public saving are negative. b. Private and public saving are both positive. c. Private saving is negative; public saving is positive. d. Private saving is positive; public saving is negative
You observe a closed economy that has a government deficit and positive investment. Which of the following is correct? Select one: a. Both private saving and public saving are negative. b. Private and public saving are both positive. c. Private saving is negative; public saving is positive. d. Private saving is positive; public saving is negative
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter18: Savings,investment And The Financial System
Section: Chapter Questions
Problem 9PA
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You observe a closed economy that has a government deficit and positive investment. Which of the following is correct?
Select one:
a. Both private saving and public saving are negative.
b. Private and public saving are both positive.
c. Private saving is negative; public saving is positive.
d. Private saving is positive; public saving is negative.
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