If a nation's budget deficit rises, domestic private investment can remain unchanged through some combination of ________ private saving and ________ importing relative to exporting
A) increased, less
B) increased, more
C) decreased, less
D) decreased, more
A
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When demand is unit elastic, an increase in price will cause total revenue to increase, stay the same, or decrease, depending on the corresponding change in quantity demanded
Indicate whether the statement is true or false
From 1995 to 2001, the debt—GDP ratio in the United States
A) steadily fell. B) steadily increased. C) was about constant. D) fell from 1995 to 1998, then rose sharply.
The law of diminishing marginal returns from capital, states that a decrease in capital per worker beyond some level will result in diminishing returns of output per worker
Indicate whether the statement is true or false
When the supply curve shifts to the left and there is no change in demand:
A. the equilibrium price will fall. B. the equilibrium price will rise. C. the equilibrium quantity will rise. D. the market cannot reestablish an equilibrium.