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the term 'crowding out' refers to the decrease in a. consumption expenditure from an increase in investment b. the real interest rate from a government

the term 'crowding out' refers to the decrease in

a. consumption expenditure from an increase in investment

b. the real interest rate from a government budget deficit

c. foreign investment due to high public investment

d. private investment from a government budget deficit

e. saving from an increase in disposable income

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