The "Crowding-Out Effect" Suggests That

question 86

Multiple Choice

The "crowding-out effect" suggests that

• A)tax increases are paid primarily out of saving and therefore are not an effective fiscal device.
• B)increases in government spending financed through borrowing will increase the interest rate and reduce private investment.
• C)it is very difficult to have excessive aggregate spending in our economy.
• D)consumer and investment spending always vary inversely.

Recognize major challenges that influence the formation of organizational culture.

Identify visible aspects of organizational culture.

Understand the role of organizational rites, rituals, symbols, and ceremonies in shaping culture.

Recognize methods and consequences of influencing or changing organizational culture.

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Definitions:

Specialize

To concentrate on and become expert in a particular subject or skill.

Trade

The exchange of goods, services, or both between two or more parties, either within a country or internationally.

Production Possibilities Curve

A graph that shows the various combinations of outputs that a society can produce if all its resources are being used efficiently.

Trading Possibilities Curve

A graph that shows the maximum amount of goods a country can produce, given its resources, and hence the possible extents of trade with other countries.