Take the following as truth: 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.
Then the following statement: "Figure 4.1 shows that saving behaviors in recent years support the Ricardian equivalence hypothesis" is true, false, or inconclusive?
Answer: True