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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

Give a numerical example to illustrate the difference between complete crowding out and incomplete crowding out.

To determine

Illustrate the difference between the complete crowding out and incomplete crowding out using a numerical example. 

Explanation

Suppose an increase in government expenditure by $100 million is offset by $100 million decline in the private spending, then, there will be no net impact on the aggregate demand in the economy. This is complete crowding out...

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