Expansionary fiscal policy falls short of its goal. Some economists claim it is due to indirect crowding out. What evidence would be consistent with this claim?
A) The interest rate increased. B) The price level decreased.
C) Saving decreased. D) An increase in consumer spending occurred.
A
Economics
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In a large open economy like the United States, an increased government budget deficit which reduces national saving
A) reduces investment and improves the current account balance. B) reduces investment and reduces the current account balance. C) has no effect on investment, but reduces the current account balance. D) has no effect on either investment or the current account balance.
Economics
Utilitarianism is inconsistent with _____
a. the social welfare function b. cost-benefit analysis c. the Pareto criteria d. slavery
Economics