Consider the equation: NX = S + (T-G) – I, afterwards, determine what happens to: Trade balance, pub… Show more Consider the equation: NX = S + (T-G) – I, afterwards, determine what happens to: Trade balance, public saving, private saving, and investment with respect to the following cases: 1. Government Spending Increases 2. Foreign Output Increases 3. Simultaneous depreciation of the currency and contractionary fiscal policy • Show less