True or False:
1. The supply of national savings is the sum of all private savings.
2. Increases in current disposable income from a tax deduction will increase the loanable funds supply curve.
3. If the real interest rate is below equilibrium, the quantity of loanable funds demanded would be less than the quantity of loanable funds supplied.
4. At a real interest rate above equilibrium, a surplus of loanable funds would occur.
5. If the government spends more money than it collects in taxes, national saving is negative.
6. If the government goes from a balanced budget to a deficit, public saving would become negative and national saving would decrease, other things equal.
7. A move toward a government budget surplus would increase national saving, reduce real interest rates, and increase investment, other things equal.
8. A move toward a government budget deficit would tend to reduce private investment and reduce economic growth, other things equal.