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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 68
Circle the letter that corresponds to the best answer. Which of the following is an example of crowding out?
A) Federal government spending causes changes in state and local government spending.
B) Government spending reduces private spending.
C) Tax changes perceived as temporary are largely ignored.
D) Government spending causes the price level to rise.
A) Federal government spending causes changes in state and local government spending.
B) Government spending reduces private spending.
C) Tax changes perceived as temporary are largely ignored.
D) Government spending causes the price level to rise.
Explanation
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Out of the given options, the correct op...
Macroeconomics 11th Edition by Stephen Slavin
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