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rubycod879Lv1
6 Oct 2020
"Crowding out" refers to the situation in which:
A) Borrowing by the federal government raises interest rates and causes firms to invest less.
B) Foreigners sell their bonds and purchase U.S. goods and services.
C) Borrowing by the federal government causes states and local governments to lower their taxes.
D) Increased federal taxes to balance the budget cause interest rates to increase and consumer credit to decrease.
"Crowding out" refers to the situation in which:
A) Borrowing by the federal government raises interest rates and causes firms to invest less.
B) Foreigners sell their bonds and purchase U.S. goods and services.
C) Borrowing by the federal government causes states and local governments to lower their taxes.
D) Increased federal taxes to balance the budget cause interest rates to increase and consumer credit to decrease.
Joshua StredderLv10
31 Oct 2020
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