複選題4. The size of the "crowding out” effect depends on several things, including (A) the composition of the government budget. (B) the sensitivity of investment spending lo changes in the interest rale. (C) the structure of t|ie personal income tax code. (D) the size of the government spending multiplier.

3. Which of the following statement is FALSE? (A) According to classical economists, the people who are not working are those who have chosen not to work at the market wage. (B) Classical economists believe that the labor market will achieve the optimal result if left to its own devices, and there is nothing the government can do to make things better. (C) Classical economists saw the workings of the labor market as optimal from the standpoint of both individual households and firms. (D)The classical view of the labor market is consistent with a horizontal AS curve.

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