Question
Fiscal policy is not effective if government borrowing __________. a) drives down interest rates and crowds out private borrowers b) drives up interest rates and
Fiscal policy is not effective if government borrowing __________.
a) drives down interest rates and crowds out private borrowers
b) drives up interest rates and crowds out private borrowers
c) drives down interest rates and increases the number of private borrowers
d) drives up interest rates and increases the number of private borrowers
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
1st Edition
978-1464146978, 1464146977
