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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.


Definitions:

Cold War

A period of geopolitical tension between the Soviet Union and its allies and the United States and its allies, roughly from 1947 to 1991, characterized by threats, propaganda, and other measures short of open warfare.

Jackie Robinson

The first African American to play in Major League Baseball in the modern era, breaking the baseball color line when he started at first base for the Brooklyn Dodgers in 1947.

Rookie of the Year

An award given annually to the most outstanding new player in a professional sports league.

Major League Baseball

The professional baseball organization that constitutes the highest level of play in North America, consisting of the American and National Leagues.

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