However, in recent years, as figure 4.1 illustrates, private saving-which is the major component of nonfederal saving-declined as federal saving rose-which is consistent with the Ricardian equivalence hypothesis.
Figure 4.1 shows that saving behaviors in recent years support the Ricardian equivalence hypothesis
Federal saving plummeted as private saving rose in recent years.
I always catch catfish.
There is a dark nightclub.
The person is wearing clothes.
A woman is using nail polish.
Men were wearing dress shoes
An old man is sitting