Crowding out is a reduction in private investment caused by government budget deficits, and may partially offset the expansionary effects of fiscal policy. The exact degree of crowding out depends on all of the following except
A) how much of the deficit is financed by households, firms, and governments outside of the United States.
B) how much real interest rates increase.
C) the level of the marginal corporate income tax rate.
D) the sensitivity of investment to the real interest rate.
C
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If the growth rate for GDP was 9 percent and GDP in year 1 was 100, then GDP in year 2 would be
A) 90. B) 109. C) 190. D) 199.
Four candidates are running for president of their book club, which has a total of 36 members. The table below indicates the number of voters and their preferences
Determine the winner under the plurality-rule method, the Borda-count method (assigning 3 points to each first choice, 2 points to each second choice, 1 point to each third choice, and no points to each fourth choice), and the instant runoff method. Number of voters and their preferences 7 14 6 9 1st Choice Amy Byron Coco Dinesh 2nd Choice Coco Dinesh Amy Amy 3rd Choice Byron Amy Dinesh Coco 4th Choice Dinesh Coco Byron Byron