the term 'crowding out' refers to the decrease in a. consumption expenditure from an increase in investment b. the real interest rate from a government budget deficit c. foreign investment due to high public investment d. private investment from a government budget deficit e. saving from an increase in disposable income

the term 'crowding out' refers to the decrease in a. consumption expenditure from an increase in investment b. the real interest rate from a government budget deficit c. foreign investment due to high public investment d. private investment from a government budget deficit e. saving from an increase in disposable income

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter11: Managing Aggregate Demand: Fiscal Policy

Section: Chapter Questions

Problem 1DQ

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