Which of the following events is most likely to cause or contribute to each of the problems listed below in the context of fiscal policy? 

Events:

a. A decline in interest rates

b. Government borrowing

c. Political squabbling

d. A decrease in saving

e. An increase in saving

f. Defunding of data collection for the University of Michigan Index of Consumer Expectations

Problems:

___ crowding out

___ implementation lags ___ recognition lags

___ outside lags