Increases in Government Spending Result in ________ in the Short

question 200

Multiple Choice

Increases in government spending result in ________ in the short run,and permanent increases in government spending result in ________ in the long run.

• A)partial crowding out; partial crowding out
• B)partial crowding out; complete crowding out
• C)complete crowding out; complete crowding out
• D)complete crowding out; partial crowding out

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Definitions:

Inventory Units

The individual items or products that are available for sale, in production, or in stock as part of a company's inventory.

Variable Costing

Variable costing is an accounting method that includes only variable production costs (materials, labor) in product costs, excluding fixed overhead.

Unit Product Cost

The total cost to produce one unit of product, including direct materials, direct labor, and allocated overhead costs.

Current Year

The ongoing year or the present year being referenced.