Crowding Out Occurs When Deficit Spending by the Government Forces

question 73

True/False

Crowding out occurs when deficit spending by the government forces private investment spending to contract.

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Definitions:

Robert Rubin

An American economist and banking executive who served as the 70th United States Secretary of the Treasury during the Clinton administration.

Wall Street

A street in lower Manhattan that is home to the New York Stock Exchange and represents the heart of the financial district and the world of American financial markets.

Triangulation

In navigation or surveying, the method of determining a location or area by forming triangles to it from known points. In social sciences, using multiple perspectives to analyze data.

Midterm Election

Elections held in the United States every four years, approximately midway through a president's term, where a large portion of the Congress, including all of the House of Representatives and one-third of the Senate, is up for election.