The crowding out effect is often associated with
A) a temporary increase in taxes.
B) the reinforcing impact of state and local tax changes on federal tax changes.
C) the impact of a tax rate increase when the aggregate supply function is horizontal.
D) an increase in the interest rate caused by government borrowing.
D
Economics
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Scarcity results from the fact that
A) people's wants exceed the resources available to satisfy them. B) not all goals are desirable. C) we cannot answer the major economic questions. D) choices made in self-interest are not always in the social interest. E) the population keeps growing.
Economics
How have U.S. imports and exports, as a fraction of GDP, changed from 1970 to the present?
What will be an ideal response?
Economics