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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 18
Which of the following statements about crowding out is true ?
A) It is caused by a budget surplus.
B) It is not caused by a budget deficit.
C) It cannot completely offset the multiplier effect of deficit government spending.
D) It affects interest rates and, in turn, consumption and investment spending.
A) It is caused by a budget surplus.
B) It is not caused by a budget deficit.
C) It cannot completely offset the multiplier effect of deficit government spending.
D) It affects interest rates and, in turn, consumption and investment spending.
Explanation
Verified
Verified
Therefore, the correct answer ...
Economics for Today 9th Edition by Irvin Tucker
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