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Private saving
Y - T - C
Public saving
T - G
National saving
Private saving + Public saving
Budget deficit
Government spending greater than taxes collected (T<G)
Budget surplus
Taxes collected greater than government spending (T>G)
Supply of loanable funds
saving
Demand for loanable funds
investment
Crowding out
Government borrowing reduces private investment
Budget deficit effect
Demand for loanable funds shifts right
Tax incentives for saving
Supply of loanable funds shifts right
Investment
same as national savings (S=I)