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In your own words, explain what the Crowding Out Effect (COE) is. Please explain the COE to me - I know it is important. Why

In your own words, explain what the Crowding Out Effect (COE) is. Please explain the COE to me - I know it is important. Why is it important that I know about this? Explain the costs and benefits of the COE in both the short run and the long run. How is the loanable funds market connected to this and what are the effects on Consumption, Investment, and interest rates.

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