The crowding-out effect indicates that an increase in a fiscal deficit financed by borrowing will increase interest rates and thereby crowd out some domestic investment spending
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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A firm faces competitive markets for its inputs and its output. At the profit maximizing level of output, its marginal cost is $10 and the wage paid is $2. If the MPL = L-0.5, how many workers will be hired by the firm?
A) 35 B) 40 C) 25 D) 5
Economics
The demand curve for labor is identical to the
a. total labor cost curve b. marginal resource curve c. total revenue curve d. marginal revenue product curve e. marginal revenue curve
Economics