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:

Unilateral Mistake

An error made by only one party in a contract that does not necessarily invalidate the agreement, but may be grounds for its rescission if certain conditions are met.

Invalidate

To make something legally void or ineffective, often by showing it was improperly formed or does not comply with necessary legal requirements.

Contract

A legally enforceable agreement between two or more parties, typically involving the exchange of goods, services, money, or promises.

Court

A governmental body authorized to adjudicate legal disputes, interpret laws, and administer justice.