政府借贷是跟谁借？跟中央银行借？为什么会拉高利率？

问题如下：

Q. Crowding out refers to a:

选项：

A.fall in interest rates that reduces private investment. B.rise in private investment that reduces private consumption. C.rise in government borrowing that reduces the ability of the private sector to access investment funds.

解释：

C is correct. A fall in interest rates is likely to lead to a rise in investment. Crowding out refers to government borrowing that reduces the ability of the private sector to invest.

利率的下降很可能导致投资的增加。挤出效应指的是政府借贷，拉高了利率，从而降低了私营部门的投资能力。