69.An increase in government spending can result in crowding-out. Which ofthe following is a correct statement of the process?

A)

B)

C)

D)

Select one:

a.It increases GDP and the demand for money, which causes interest rates to increase and investment spending to decrease.

b.It leads to an increase in the money supply, which pushes interest rates up and causes a decrease in investment spending.

c.It causes bond prices to increase, which pushes interest rates up and leads to a decrease in investment spending.

d.It leads to a decrease in savings, which leads to a decrease in investment spending.