In: Economics
Which equation and statement below best illustrates the concept of crowding out?
Group of answer choices
a) Budget Surplus = TA - TR - G. If G increases, BS decreases.
b) I = S + BS. If G increases, BS decreases and I, therefore, decreases.
c) Y = C + I + G. If G increases, Y increases.
d) S = Y - C - T. G has no impact on S.