only correct answer or dowvote Which of the following statements about budget deficits and surpluses is true? Select the correct answer below: If the budget deficit falls, private savings also fall. If the budget surplus increases, the trade deficit increases. If the budget deficit falls, domestic private savings fall. If the budget surplus rises, the trade surplus falls.

only correct answer or dowvote Which of the following statements about budget deficits and surpluses is true? Select the correct answer below: If the budget deficit falls, private savings also fall. If the budget surplus increases, the trade deficit increases. If the budget deficit falls, domestic private savings fall. If the budget surplus rises, the trade surplus falls.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Transcribed image text: Assume that a government begins to run a large budget deficit. We might expect a simultaneous
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