Economists Who Believe in Complete Crowding Out Would Argue That

question 29

Multiple Choice

Economists who believe in complete crowding out would argue that

• A) jobs created or saved because of increased government spending will be matched by an equal number of jobs created by an increase in private sector spending.
• B) jobs created or saved because of increased government spending will be completely offset by jobs destroyed by a decline in private sector spending.
• C) government policies intended to stimulate aggregate demand will be completely ineffective.
• D) government policies intended to stimulate aggregate demand will tend to be effective.
• E) a and c

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Definitions:

Gill Slits

Openings found in the pharynx of fish and some amphibians that are used for respiration and water filtration.

Cartilaginous Fishes

Fish that have skeletons made entirely of cartilage, such as sharks and rays.

Bony Fishes

Fish that have skeletons primarily made of bone, as opposed to cartilaginous fishes, which have skeletons made of cartilage.

Keel Of The Sternum

The central ridge or projection on the sternum (breastbone) that resembles the keel of a boat, more prominent in some animals like birds for attachment of flight muscles.