Essay 3 .The result of government deficits is that less savings are available to firms for investment. Explain why and what it means for the economy.

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter31: The Impacts Of Government Borrowing
Section: Chapter Questions
Problem 20CTQ: Describe how a plan for reducing the government deficit might affect a college student, a young...
icon
Related questions
Question
Essay 3
The result of government deficits is that less
savings are available to firms for investment.
Explain why and what it means for the
economy.
Transcribed Image Text:Essay 3 The result of government deficits is that less savings are available to firms for investment. Explain why and what it means for the economy.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Personal Budget
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Brief Principles of Macroeconomics (MindTap Cours…
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Exploring Economics
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc