
Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950
Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950 Exercise 13
If the government collects more in tax revenue than it spends, and households consume more than they get in after-tax income, then
A) private and public saving are both positive.
B) private and public saving are both negative.
C) private saving is positive, but public saving is negative.
D) private saving is negative, but public saving is positive.
A) private and public saving are both positive.
B) private and public saving are both negative.
C) private saving is positive, but public saving is negative.
D) private saving is negative, but public saving is positive.
Explanation
In an economy, government collects more ...
Essentials of Economics 7th Edition by Gregory Mankiw
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