问题
单项选择题
According to the crowding-out model, persistent, large government budget deficits are most likely to be associated with a(n);（）
A. increase in net exports.
B. decrease in private spending.
C. decrease in the real rate of interest.
答案
参考答案：B
解析：
The crowding-out model suggests that budget deficits are associated with higher real interest rates, a decline in private investment, an inflow of capital from abroad, appreciation of the domestic currency, and a decline in net exports.