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Federal government spending in a closed economy can result in 'crowding out, ' a term that means government spending displaces private spending so little real
Federal government spending in a closed economy can result in 'crowding out, a term that means
government spending displaces private spending so little real economic growth occurs.
the return on government spending is higher than the return on private investment.
the decline in US exports offsets any change in US imports.
future taxes will be reduced due to higher economic growth.
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