单选题
According to the crowding-out effect, which of the following
statements is least likely correct? The sale of government bonds used to finance
excess government spending will:
A. raise the real interest rate.
B. raise the nominal interest rate.
C. increase the profitability of corporate investment projects.
【正确答案】
C
【答案解析】It would decrease, not increase, the profitability of corporate investment projects.