Examlex
Identify the functional group would be expected to be found in the final product in the reaction below.
Crowding-Out
A situation where increased government spending leads to a reduction in private sector spending.
Government Purchases
Expenditures made by the government for goods and services that are necessary for the public sector and to support economic activity.
National Output
The total value of goods and services produced by a country's economy over a specific period of time. It's synonymous with gross domestic product (GDP).
Crowding-Out Debate
A discussion on how government borrowing or spending may lead to reduced investment in the private sector due to increased interest rates or other mechanisms.
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