Which of the following statements about crowding out is false?
a. It is not caused by a budget surplus.
b. It is caused by a budget deficit.
c. It can completely offset the multiplier.
d. It affects interest rates and not economic growth.
d
Economics
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In a closed economy, what does (T - G) represent?
a. national saving b. investment c. private saving d. public saving
Economics
A perfectly competitive market is in equilibrium and 50,000 units are being produced. If four firms take over this market and a Cournot oligopoly is formed, what is the new total equilibrium quantity produced?
A) 50,000 B) 60,000 C) 62,500 D) 40,000
Economics