Government deficits mean that
a. national saving is negative so public saving is negative.
b. national saving is negative so public saving is lower than otherwise.
c. public saving is negative so national saving is negative.
d. public saving is negative so national saving is lower than otherwise.
d
Economics
You might also like to view...
Refer to Table 4-7. What is the equilibrium hourly wage (W*) and the equilibrium quantity of labor (Q*)?
A) W* = $10.50; Q* = 1,180,000 B) W* = $10.50; Q* = 590,000 C) W* = $9.50; Q* = 570,000 D) W* = $11.50; Q* = 570,000
Economics
Explain what a macroeconomic shock is, and give three examples of macroeconomic shocks to the U.S. economy in the past 10 years
What will be an ideal response?
Economics