What is the crowding-out effect relevant to fiscal policy


Briefly state and evaluate the problem of time lags in enacting and applying fiscal policy. How might "politics" complicate fiscal policy? How might expectations of a near-term policy reversal weaken fiscal policy based on changes in tax rates? What is the crowding-out effect, and why might it be relevant to fiscal policy?

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Microeconomics: What is the crowding-out effect relevant to fiscal policy
Reference No:- TGS071923

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