Multiple Choice
-Refer to the above figure.Suppose that the economy starts at 
.If the government reduces taxes,then the economy goes to 
,but then falls back to 
.This is an example of
A) partial crowding-out effect.
B) Ricardian equivalence.
C) laissez-faire.
D) complete crowding-out effect.
Correct Answer:
Verified
Related Questions
