Crowding out can best be defined as:
a. private investment increases growth rates and decreases deficits.
b. restrictive monetary policy raises interest rates and decreases investment.
c. government deficits increase interest rates and decrease investment.
d. consumption spending increases interest rates and decreases investment.
c
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As price decreases along a linear demand curve, price elasticity of demand decreases
a. True b. False
A monopolist can charge whatever price it wants and can therefore reap phenomenal profits
a. True b. False Indicate whether the statement is true or false
Explain the difference between the immediate market period, the short run, and the long run as they relate to price elasticity of supply
Please provide the best answer for the statement.
According to the above table, net domestic product (NDP) is
A. $2,265. B. $2,550. C. $1,995. D. $2,850.