The crowding-out effect indicates that increased government borrowing will lead to:
a. an increase in consumption by households and an increase in investment spending by firms.
b. an increase in consumption by households and a decrease in investment spending by firms.
c. a decrease in consumption by households and an increase in investment spending by firms.
d. a decrease in consumption by households and a decrease in investment spending by firms.
d
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The Dodd-Frank Act removed which group from decisions regarding the presidents of Federal Reserve Banks?
A) Class A directors B) Class B directors C) Class C directors D) Board of Governors
If a monopoly charges higher prices to consumers who buy smaller quantities than to consumers who buy larger quantities, then
A) consumers who buy larger quantities have a higher price elasticity of demand. B) consumers who buy larger quantities have a lower price elasticity of demand. C) consumers who buy smaller quantities have a lower price elasticity of demand. D) Both A and C.