Application 3 to chapter 15nsuggests increased health care expenditures will crowd out other expenditures. What component of GDP do you think will suffer? Using that same argument, Nebraska is again debating casino gambling. Proponents say the additional entertainment dollar expenditures will be great for the economy. Opponents say it will only crowd out the entertainment expenditures elsewhere. Without debating the merits of gambling itself, which position do you take?

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Answer Increased healthcare expenditure by government will reduce the c... View the full answer