Use the diagram below to answer the question. O A OF O C ΟΕ Which point corresponds to level of consumption and investment in the economy when private savings is equal to investment? O D Hayekian Triangle B D: SLF DLE S&I SLF + MS

Use the diagram below to answer the question. O A OF O C ΟΕ Which point corresponds to level of consumption and investment in the economy when private savings is equal to investment? O D Hayekian Triangle B D: SLF DLE S&I SLF + MS

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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Public Saving

Public saving deals with the amount which has been in excess after meeting all the obligatory expenses and investment of the government. Taxes are collected by the government to meet its day-to-day expenditures. The obligatory expenses include all those expenses which are mandatory for the government. It cannot be avoided as it is inevitable.

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