According to the definitions of national saving and private saving, if Y, C, and G remained the same, an increase in taxes would __________.a. raise both private and public saving.b. raise private saving and lower public saving.c. lower private saving and raise public saving.d. lower private and public saving.
According to the definitions of national saving and private saving, if Y, C, and G remained the same, an increase in taxes would lower private saving and raise public saving.
