Advanced Placement (AP)
Advanced Placement (AP), 12.04.2021 04:20, tatia65

When crowding out occurs, higher government spending results in higher interest rates, which in turn results in: a. higher inflation.
b. a larger debt ceiling.
c. more tax revenues.
d. less consumption and investment.

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Answers: 3

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When crowding out occurs, higher government spending results in higher interest rates, which in turn...

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