In a closed economy, an increase in government spending, while taxes remain the same, will be accompanied by

A) a decrease in private investment and an increase in privates saving.
B) an increase in private investment and a decrease in private savings.
C) a decrease in private investment only.
D) an increase in private savings only.


A

Economics

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Under a gold standard in which France defined 1 franc to be worth 1/50th of an ounce of gold, and the U.S. defined $1 to be worth 1/10th of an ounce of gold, then 1 U.S. dollar would exchange for __________ francs.

Fill in the blank(s) with the appropriate word(s).

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The higher the Herfindahl-Hirschman Index, the more firms there are in a market.

Answer the following statement true (T) or false (F)

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