11:44 AM | 1.1KB/s expert.chegg.com/expertqna 30 Chegg Time to answer question: 01:58:22 Hide student question QUESTION 16 Which of the following is NOT a channel of the crowding out effect in an open economy? Government finances its expenditure by borrowing, leading to a higher interest rate, reducing private consumption. Government finances its expenditure by increasing money supply, leading to higher inflation, reducing private investment. Government transfers reduces income inequality, reducing private transfers among residents. Government finances its expenditure by borrowing, leading to an appreciation of the domestic currency, reducing net export. Skip question Exit Back Next