The Impact of Crowding Out May Be the Least

question 31

Multiple Choice

The impact of crowding out may be the least

• A)during a deep recession.
• B)when real GDP is above but close to potential GDP.
• C)during an expansion.
• D)when real GDP is below but close to potential GDP.

---

Definitions:

Binomial Experiment

An experiment or trial that fits the criteria of having a fixed number of trials, only two possible outcomes, independent trials, and a constant probability of success.

Number of Successes

In a statistical experiment, it refers to the count of times an event of interest occurs.

Louisiana Territory

A vast region of North America that was purchased by the United States from France in 1803, doubling the size of the country and opening the way for westward expansion.

Gateway

A point of entry or access, often used metaphorically to describe something that serves as an entrance to something else, such as a technology, idea, or country.