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Crowding out occurs when Select one: a.expansionary fiscal policy causes interest rates to rise, thereby reducing private spending b.an increase in defense spending causes a
Crowding out occurs when
Select one:
a.expansionary fiscal policy causes interest rates to rise, thereby reducing private spending
b.an increase in defense spending causes a decrease in consumption
c.a policy designed to increase the budget surplus causes the economy to enter a recession
d.tax increases result in a drop in consumption
e.expansionary monetary policy fails to stimulate economic growth
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