By "financial crowding out", economists mean______.

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问题 By "financial crowding out", economists mean______.

选项 A、the central bank controls on commercial bank lending
B、credit rationing
C、government borrowing drives up interest rates
D、what the government borrows cannot be used for private investment

答案C

解析 答案为C项。crowding out“挤出效应”,就是当扩张性财政政策引起利率上升,从而减少投资支出时所引起的总需求减少。credit rationing“信贷配给”,指按计划确定的信贷分配额度将信贷资金发放给企业。drive up“推升,抬高”,这里financial是“财政”的意思,选项C项中,当政府借款增加时,利率的上升将使居民的投资支出减少,进而引起总需求的减少。故本题选C项。
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