This preview shows page 1. Sign up to view the full content.
Unformatted text preview: for saving to find the equilibrium interest rate. Important Concepts Covered ! Saving and the saving rate ! Wealth ! Assets/liabilities ! Flow versus stock ! Capital gains and losses ! Life-cycle, precautionary, and bequest saving ! National, private, and public saving ! Transfer payments ! Government budget deficits and surpluses ! Crowding out...
View Full Document
- Summer '08