Complete Crowding Out Implies That as Government Increases Purchases by $1

question 97

Multiple Choice

Complete crowding out implies that as government increases purchases by $1,

• A) private spending decreases by $1.
• B) Real GDP remains unchanged.
• C) there is an equal offsetting decrease in one or more of the components of private expenditures.
• D) all of the above
• E) none of the above

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Definitions:

Political Opportunities

For collective action and social movement growth occur most frequently during election campaigns, when influential allies offer support to insurgents, when ruling political alignments become unstable, and when elite groups become divided and conflict with one another.

National Elections

The process by which citizens of a country select their government officials and leaders through voting.

Great Deprivation

A severe lack of basic necessities or comforts of life, which can include food, shelter, and access to healthcare.

Union Density

A measure of the proportion of workers who are members of labor unions compared to the total workforce, often used to gauge the strength and influence of unions.