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Join us as we dive into the fascinating world of fiscal policy and explore the crowding in and crowding out effects—two key concepts that shape how government spending impacts the economy. In this episode, we'll break down what happens when governments borrow to fund budget deficits, examining both the potential to stimulate private sector investment (crowding in) and the risks of pushing it aside (crowding out).
From the publisher's feed
The first episode is designed for A-level economics students studying the unit on fiscal policy. It explores the concept of national debt and examines the potential consequences of its growth.