"This is the "crowding out" theory: Increased government borrowing crowds household and business investment out...

AAFM GLO_CWM_LVL_1 Question Answer

"This is the "crowding out" theory: Increased government borrowing crowds household and business investment out of limited savings, driving up _______, but not raising total demand." Fill in the blank.

taxes

inflation

interest rates

employment

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"This is the "crowding out" theory: Increased government borrowing crowds household and business investment out...

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