Multiple Choice
Did the large U.S.budget deficits in the 1980s "crowd out" investment as some economists had predicted?
A) Yes, investment dropped as predicted.
B) Yes, although investment did not fall nearly as much as some had feared.
C) No, investment was not crowded out, but net exports dropped.
D) No, no crowding out at all occurred.
Correct Answer:
Verified
Correct Answer:
Verified
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