NO.PZ2023071902000015
问题如下：
QuestionThe crowding-out phenomenon is most likely linked to:
选项：
A.Declining nominal interest rates.
B.Reduced government expenditure.
C.Elevated government borrowing.解释：
Solution
Incorrect. The crowding-out effect does not result in falling nominal interest rates; rather, it leads to higher interest rates.
Incorrect. The crowding-out effect is not associated with reduced government expenditure; it has a different implication.
Correct. The crowding-out effect is linked to elevated government borrowing. It refers to the tendency of increased government borrowing to reduce private sector investment.
• describe roles and objectives of fiscal policy as well as arguments as to whether the size of a national debt relative to GDP matters
政府借出更多的钱，不就是通过降低利率，来放贷出来吗。。
