Crowding out is a phenomenon focused upon most by the macroeconomists of
owding out is a phenomenon focused upon most by the macroeconomists of

a. monetarism
b. Keynesianism
c. real business cycle theory
d. rational expectations

whereby a government deficit interest rates, which in turn private investment spending.

This group also believed that fiscal policy

A. is the only thing that can lower natural unemployment.
B. faces problematic lags in propagating changes throughout the economy.
C. is just as effective in countering recessions as monetary policy.
D. should be used only if the central bank follows a monetary policy rule.
E. can be used most of the time, but monetary policy becomes a better option when velocity is fluctuating.

Prepare the operating activities section—indirect method.(lo 4), apthe income statement of paxson company is presented here.paxson companyincome statementfor the year ended november 30, 2014sales revenue $7,600,000cost of goods sold beginning inventory$1,900,000 purchases4,400,000goods available for sale6,300,000 ending inventory1,600,000total cost of goods sold 4,700,000gross profit 2,900,000operating expenses selling expenses450,000 administrative expenses700,0001,150,000net income $1,750,000additional information: prepare the operating activities section—indirect 1. accounts receivable decreased $380,000 during the year, and inventory decreased $300,000.2. prepaid expenses increased $150,000 during the year.3. accounts payable to suppliers of merchandise decreased $350,000 during the year.4. accrued expenses payable decreased $100,000 during the year.5. administrative expenses include depreciation expense of $110,000.instructionsprepare the operating activities section of the statement of cash flows for the year ended november 30, 2014, for paxson company, using the indirect method.net cash provided $1,940,000