Multiple Choice
When consumption and investment is reduced because of the higher interest rates induced by the government expansionary fiscal policy,the effect is called
A) the crowding-in effect.
B) the crowding-out effect.
C) the multiplier effect.
D) the budget effect.
Correct Answer:
Verified
Correct Answer:
Verified
Q72: Which one of the following describes Keynesians'
Q73: In the Keynesian model,an increase in government
Q74: In the Keynesian model in the long
Q75: The upward-sloping short-run aggregate supply curve implies
Q76: Explain how the Keynesian model of business
Q78: Which of the following is true about
Q79: Explain the effects of an anticipated fiscal
Q80: In the Keynesian model in the short
Q81: Keynesian business cycle theory cannot account for
Q82: According to the Classical model,an anticipated fiscal