Using the models studied in class, discuss what is meant by crowding out, and how the crowding
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Question:
Using the models studied in class, discuss what is meant by "crowding out",
and how the crowding out effect works in an open economy. How does this effect differ from the way it
works in a closed economy? To what extent does the efficacy of fiscal policy (i.e. in affecting output)
depend on the type of exchange rate regime?
Related Book For
Governmental and Nonprofit Accounting
ISBN: 978-0132751261
10th edition
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
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