Multiple Choice
The impact of crowding out
A) is larger in a closed economy as compared to an open economy.
B) is larger in an open economy as compared to a closed economy.
C) is larger in an open economy as compared to a closed economy when fiscal policy is contractionary.
D) is larger in a closed economy as compared to an open economy when fiscal policy is contractionary.
Correct Answer:
Verified
Correct Answer:
Verified
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