Go to the Web site of the Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/). a. Find
Question:
Go to the Web site of the Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/).
a. Find the most recent values and the values from the same quarter three years earlier for Gross Private Saving (GPSAVE) and Gross Government Saving (GGSAVE).
b. Using the values found in part (a), calculate the value of total saving in the economy for these two periods.
c. Draw a graph to show the loan able funds market in equilibrium. Explain which curve represents total saving.
d. On the graph you drew in part (c), show the effect on the loan able funds market from the change you calculated in part (b) for total saving between the two periods.
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a Gross private saving equaled 35558 billion in the second quarter of 2015 and it equaled 36675 bill...View the full answer
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