Answer:
The correct answer is option E.
Explanation:
Crowding out effect refers to the situation when an increase in the government spending causes investment spending to decline. When government increases spending it borrows fund. This causes an increase in the demand for loanable funds. As a result, the interest rate increases.
This increase in interest rate causes private investment to decline. this further causes a reduction in consumption.
Answer: The Constitution itself was written as a guideline for the government (as far as what it can and cannot do). The main point was to remind the citizens that the power is in the hands of the people, as we elect representatives, judges, etc.
Hope this helps!
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