Crowding-In Would Occur If A

question 37

Multiple Choice

Crowding-in would occur if a:

• A) Government increased public spending.
• B) Government reduced public spending.
• C) Government increased borrowing.
• D) Increased regulation.

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Definitions:

Practical Wisdom

Practical wisdom, or phronesis, is an intellectual virtue that involves making prudent judgments and decisions based on ethical considerations and practical understanding of everyday life.

Excellent Character

Possessing outstanding moral or ethical qualities.

Golden Mean

A concept from Aristotelian ethics that represents the desirable middle between two extremes, one of excess and the other of deficiency.

Rightly

In a manner or to an extent that is justified, appropriate, or correct.