The new classical critique of activist fiscal policy is theoretically different from the crowding-out critique. Explain the difference by using a graph of the loanable funds market.

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter15: Fiscal Policy
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The new classical critique of activist fiscal policy is theoretically different from the crowding-out critique. Explain the difference by using a
graph of the loanable funds market.
Transcribed Image Text:The new classical critique of activist fiscal policy is theoretically different from the crowding-out critique. Explain the difference by using a graph of the loanable funds market.
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