Crowding Out (Economics)

Crowding Out (Economics)

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Description

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. In economics, crowding out is any reduction in private consumption or investment that occurs because of an increase in government spending. If the increase in government spending is not accompanied by a tax increase, government borrowing to finance the increased government spending would increase interest rates, leading to a reduction in private investment. There is some controversy in modern macroeconomics on the subject, as different schools of economic thought differ on how households and financial markets would react to more government borrowing.show more

Product details

  • Paperback | 64 pages
  • 152 x 229 x 4mm | 104g
  • Anim Publishing
  • United States
  • English
  • 6136683539
  • 9786136683539