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1. Explain Crowding Out in an economy with no foreign sector 2. Explain Crowding Out with a foreign sector and where the U.S. Treasury has

1. Explain Crowding Out in an economy with no foreign sector 2. Explain Crowding Out with a foreign sector and where the U.S. Treasury has access to foreign savings. 3. When government expenditures cause Crowding Out, might it still be beneficial to have these expenditures? Explain

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