Examlex
Crowding out is MOST likely when expansionary fiscal policy is accompanied by:
Incidence of Taxation
Refers to who ultimately bears the financial burden of a tax, which can differ from who initially pays the tax.
Society
A community of individuals living in a structured and organized way, sharing customs, laws, and organizations.
Tax Structure
The system and various rates at which individuals and entities are taxed by government authorities.
Elasticity of Demand
A measure of how sensitive the quantity demanded of a good or service is to a change in its price, indicating how changes in price affect consumer demand.
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