Multiple Choice
If increased government spending has no effect on either the level of real national income or the price level,we know that
A) the economy was already at full employment.
B) the crowding out of private sector investment spending and consumption spending was complete.
C) the interest rate effect was small.
D) the government spending was on goods and services the people didn't value.
Correct Answer:
Verified
Correct Answer:
Verified
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