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According to Figure 12.1, if the economy moves from point C to point A because of increased government spending, the amount of private spending crowded
According to Figure 12.1, if the economy moves from point C to point A because of increased
government spending, the amount of private spending crowded out is equal to the distance
A) AC.
B) BC.
C) BD.
D) AB.
Learning Objective: 12-03 How and when "crowding out" occurs.
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