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6 Oct 2020
The term crowding out refers to a situation where:
a. borrowing by the federal government raises interest rates and causes firms to invest less
b. foreigners sell their bonds and purchase US goods and services
c. borrowing by the federal government causes state and local governments to lower their taxes
d. increased federal taxes to balance the budgets cause interest rates to increase and consumer credit to decrease.
The term crowding out refers to a situation where:
a. borrowing by the federal government raises interest rates and causes firms to invest less
b. foreigners sell their bonds and purchase US goods and services
c. borrowing by the federal government causes state and local governments to lower their taxes
d. increased federal taxes to balance the budgets cause interest rates to increase and consumer credit to decrease.
Kristelle BalandoLv10
29 Oct 2020
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