NO.PZ2018062003000173
问题如下：
Which of the following statements regarding to fiscal deficits is most accurate?
选项：
A.Fiscal deficits may crowd out private investment.
B.Central bank has to print money to address deflationary conditions.
C.Higher government spending may lead to lower interest rates.
解释：
A is correct.
Government borrowing may divert private sector investment from taking place and this effect is called crowding out.
考点： fiscal deficits
解析：政府支出增加会产生财政赤字，进而抬升市场利率，打击私人部门投资的积极性，进而产生挤出效应。所以A选项正确，C选项错误。
面对通缩特别是流动性陷阱的状况，央行靠印发货币是解决不了问题的，正确的做法是采用量化宽松的手段。所以B选项错误。
不能说C是错的吧，政府支出增加并不会必然带来利率的上涨，主要还是看政府支出增加是靠什么补充，如果是通过市场借贷来补充，那利率是会上升，如果是通过发行货币来补充，货币供给增加，利率不是会下降吗？想问一下财政政策和利率的关系这个知识点是在讲义的哪里可以找到？
