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1)What is the difference between the Discount Rate and the Federal Funds Rate? 2)What is the crowding out effect What causes it? 3)

1)What is the difference between the Discount Rate and the Federal Funds Rate?

 

2)What is the "crowding out effect" What causes it?

 

3) What is meant by the term "automatic stabilizer" What are some examples of automatic stabilizers? How do automatic stabilizers differ from discretionary fiscal policy?

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