What is the crowding out effect of budget deficits what, Business Economics

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What is the crowding out effect of budget deficits what

Based on the book Answer the following question

1. What is the "crowding out" effect of budget deficits? What determines whether crowding out leads to a minor or major reduction in the impact of expansionary fiscal policies on Aggregate Demand? How is it related to the massive fiscal deficit forecast under Obama Administration?

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