挤出效应

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：

1. Incorrect. The crowding-out effect does not result in falling nominal interest rates; rather, it leads to higher interest rates.

2. Incorrect. The crowding-out effect is not associated with reduced government expenditure; it has a different implication.

3. 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

A不正确。挤出效应不会导致名义利率下降;相反，它会导致更高的利率。

B不正确。挤出效应与政府支出的减少无关。

C正确。挤出效应与政府借贷增加有关。它有增加政府借贷以减少私人部门投资的趋势。