Suppose that government purchases rise by $100 billion and together consumption and investment decline by a total of $80 billion.
This is an example of:
a) complete crowding out.
b) zero crowding out.
c) incomplete crowding out.
d) an activity that shifts the AD curve to the left.
e) b and d
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Home » Business » Suppose that government purchases rise by $100 billion and together consumption and investment decline by a total of $80 billion. This is an example of: a) complete crowding out. b) zero crowding out. c) incomplete crowding out.