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What is meant by crowding out? A. Crowding out is a decline inprivate expenditures as...

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Economics

What is meant by crowding out? A. Crowding out is a decline inprivate expenditures as a result of increases in governmentpurchases. B. Crowding out is an increase in private expendituresas a result of increases in government purchases. C. Crowding outis an increase in private expenditures as a result of decreases ingovernment purchases. D. Crowding out is a decline in privateexpenditures as a result of decreases in government purchases.

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