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9. Explain the crowding-out and the crowding-in effect. Briefly describe how these two concepts inform the debate about deficit spending by the government. That is,

9. Explain the crowding-out and the crowding-in effect. Briefly describe how these two concepts inform the debate about deficit spending by the government. That is, when the government should prioritize stimulating the economy through deficit spending versus prioritizing decreasing the size of the deficit

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