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Those economists who argue that a significant amount of crowding out exists believe that the impact of expansionary fiscal policy will be _________________ by the crowding out.Their reasoning is that if the government increases purchases,and finances that spending by borrowing money,spending in the private sector will _______________,leading ultimately to _____________ in aggregate demand.
In Writing
A term indicating that a document or agreement has been formally recorded on paper or in a digital format rather than merely agreed upon orally.
Contract of Employment
A formal agreement between an employer and an employee outlining terms of employment, duties, and rights.
Fixed Period
A set duration of time with defined beginning and end points, often used in contracts, rentals, or employment agreements.
Terminable
Referring to something such as an agreement or contract that can be ended or terminated by one or more of the parties involved.
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