In the Long Run,most Economists Agree That a Permanent Increase

question 268

Multiple Choice

In the long run,most economists agree that a permanent increase in government spending leads to ________ crowding out of private spending.

• A)no
• B)partial
• C)complete
• D)more than complete

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Definitions:

Health Insurance Plans

Insurance coverage that pays for medical and surgical expenses incurred by the insured, often offered as part of employment benefits.

Provincial and Federal Governments

Different levels of government in a federal system, with provincial governments handling regional matters and the federal government taking charge of national affairs.

Health Spending Accounts

Tax-free accounts that employers can provide to employees for the purpose of paying for healthcare expenses not covered by insurance.

Flexible Benefit Programs

Employee benefit plans that allow individuals to choose from a range of benefits to customize a package that best suits their personal needs.