"Crowding in" refers to federal government deficits:
A. used for public infrastructure that will offset any decline in business investment.
B. which reduce private business and consumption spending.
C. which reduce future rates of economic growth.
D. when the economy is at full employment.
Answer: A
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When a monopolist identifies its profit-maximizing quantity of output, how does it decide what price to charge?
A. It charges a price equal to the marginal cost at the profit-maximizing output level. B. It charges a price slightly greater than the marginal cost at the profit-maximizing output level. C. Cannot be determined from information given D. It charges a price less than the marginal cost at the profit-maximizing output level.
Explain the dynamic rationale for economic integration among developing countries
What will be an ideal response?
All of the following are characteristics of a perfectly competitive market, except one. Which is the exception?
a. a large number of sellers b. a standardized product c. no barriers to entry d. sellers can easily exit the market e. an intensive rivalry among the sellers
If income increases by 10% and, in response, the quantity of housing demanded increases by 7%, then the income elasticity of demand for housing is
A. -1. B. -0.7. C. 0.7. D. 1.43.