Crowding out is a phenomenon: Group of answer choices in which an increase in the government's budget surplus decreases overall investment spending. where overproduction in the goods market leads to a sharp drop in the aggregate price level. where an increase in the government's budget deficit causes overall investment spending to fall. where an increase in imports causes the overall domestic production to fall.

You are looking at a one-year loan of $16,500. the interest rate is quoted as 8.7 percent plus two points. a point on a loan is 1 percent (one percentage point) of the loan amount. quotes similar to this one are common with home mortgages. the interest rate quotation in this example requires the borrower to pay two points to the lender up front and repay the loan later with 8.7 percent interest. what rate would you actually be paying here?