Crowding Out Refers to a Diminishment of the Output Gain

question 44

Multiple Choice

Crowding out refers to a diminishment of the output gain from fiscal stimulus due to

• A) a lower money supply.
• B) higher interest rates.
• C) higher price level.
• D) all of the above.

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Definitions:

Sarbanes-Oxley Act

A law enacted in 2002 aimed at improving corporate governance and preventing corporate fraud through stringent accounting and auditing regulations.

Corporate Wrongdoers

Companies or their representatives who have engaged in illegal, unethical, or improper conduct.

Ethical And Socially Responsible

Conducting oneself or an organization in a manner that is mindful of the welfare of society and operates within ethical standards and principles.

Teleological

Pertaining to the explanation of phenomena by the purpose they serve rather than by postulated causes.