2. 外语
  3. Crowding-out results from______.

Crowding-out results from______.

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问题 Crowding-out results from______.
选项 A、an increase in the supply of money and a decrease in the velocity of money
B、a decrease in the supply of money and an increase in the velocity of money
C、the inverse relationship between the supply of money and nominal GDP
D、deficit financing which increases interest rates and reduces investment
答案D
解析 答案为D项。velocity“周转率，周转速度，流通速度”。inverse relationship“反比关系”。nominal GDP“名义国内生产总值”。deficit financing“赤字财政”，即扩张性财政政策。挤出效应是源自于提高了利率却减少了投资的赤字财政。故本题选D项。
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