The Steeper the Consumption Share Line, the Less the Amount

question 8

True/False

The steeper the consumption share line, the less the amount of investment that will be crowded out from an increase in government spending.

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Definitions:

Ordinance

A law or regulation enacted by a municipal or county government.

Legal Positivism

A philosophy of law that emphasizes the codification of law over personal or moral considerations, asserting that legal validity comes from establishment by the authority of the state.

Dow Chemical

An American multinational chemical corporation, known for its wide range of chemical, plastic, and agricultural products.

Foreign Countries

Nations outside of one's own, each with their own systems of government, laws, and customs.