Author Question: The U.S. lowered tariffs in the 1850s because of a budget surplus. Indicate whether the statement ... (Read 41 times)

mspears3 · **on:** Jun 30, 2018

The U.S. lowered tariffs in the 1850s because of a budget surplus.

Indicate whether the statement is true or false

Question 2

The phenomenon of crowding-out suggests that the positive impact of budget deficits on economic activity are reduced by ________.

A) the impact produced by government spending on the environment
B) an increase in national savings
C) the interest rate effects associated with federal deficits
D) the increase in pork barrel projects deficit spending entails