Business, 05.05.2020 07:48, nmillsap11
Assume that Rabbit Republic is a closed economy. This economy is characterized by: GDP = $120,000; consumption = $75,000; taxes = $10,000; government purchases = $10,000
If the government increases government purchases to $14,000, and GDP, consumption, and taxes are the same; then, .
Group of answer choices
national saving falls, but private saving is unchanged
national saving is unchanged, but private saving falls
both national saving and private saving falls
national saving rises and private saving falls
Answers: 1
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Assume that Rabbit Republic is a closed economy. This economy is characterized by: GDP = $120,000; c...
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