The "crowding-out" debate refers to the disagreement between Keynesians and conservative economists about whether

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The "crowding-out" debate is about whether increased government borrowing reduces private investment spending. Keynesians argue that government spending can stimulate economic growth and can cause a multiplier effect, while conservative economists argue that government borrowing leads to higher interest rates, which in turn reduces private investment spending, offsetting the initial stimulus. This disagreement is often referred to as the "crowding-out" debate because it refers to the notion that government spending crowds out private investment spending.

The "Crowding-Out" Debate Refers to the Disagreement Between Keynesians and Conservative