Examlex
A(n) ________ in private expenditures as a result of a(n) ________ in government purchases is called crowding out.
C
In economic formulas, "C" typically represents consumption spending by households.
Consumers
Individuals or households that purchase goods and services for personal use.
Services
Intangible products such as healthcare, education, and financial advising that are consumed at the point of delivery and do not result in ownership of physical goods.
Supply
The total amount of a specific good or service that is available to consumers, often influenced by price levels.
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