Complete "crowding-out" describes the situation in the economy when
A) fiscal policy is effective in changing output.
B) the shift in the LM curve by monetary policy is "impotent."
C) the shift in the IS curve by fiscal policy is "impotent."
D) fiscal policy crowds out monetary policy.
C
Economics
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Which of the following factors is least likely to be a barrier limiting the entry of potential competitors into a market?
a. legally enforced patent rights b. an inelastic demand for a product c. licensing d. control over an essential resource
Economics
Following the stock market crash of 1929 depositors demanded their money back, the Fed failed to act as the lender of last resort by lending banks money to repay depositors, and between 1930 and 1933 about one-third of all banks had failed
Indicate whether the statement is true or false
Economics