Crowding out is when government borrowing and spending result in __________ interest rates, which reduces business investment and household consumption.

a. flat
b. higher
c. lower
d. reduced


b. higher

Economics

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During a time when the inflation rate is increasing each year for a number of years, are adaptive expectations or rational expectations likely to give the more accurate forecasts? Briefly explain

What will be an ideal response?

Economics

Average fixed cost is

A) AC minus AVC. B) TC divided by Q. C) AVC minus MC. D) TC minus TVC.

Economics

Discrimination based upon the quantity consumed is referred to as ________ price discrimination

A) first-degree B) second-degree C) third-degree D) group

Economics

The key to the equality of output and income is:

A. transfer payments. B. employee compensation. C. profit. D. business taxes.

Economics