For unlimited access to Homework Help, a Homework+ subscription is required.
in a closed economy, public saving plus private saving is equal to
True or False: In a private closed economy, the only components of aggregate expenditure are consumption and investment.
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 or public saving.