The Keynesian response to the "crowding out" argument is that (Select all that apply)
A) the business cycle will not function without
government oversight.
B) expansionary policy is intended to slow down
private businesses from producing.
C) expansionary policy is to be applied when the
economy is not functioning at full capacity, so
businesses are NOT crowded out.
government spending will actually increase
private businesses output, as people that have
more money as a result of increased government
spending will spend their money at private
businesses.