Business, 23.11.2019 04:31 rileysndr1782

The crowding-out effect from government borrowing to finance the public debt is reduced when:
a. the economy is experiencing a period of high inflation
b. the economy is operating at the full-employment level of output
c. public investment complements private investment
d. public investment substitutes for private investment

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The crowding-out effect from government borrowing to finance the public debt is reduced when: