which of the following best describes the crowding-out effect? group of answer choices an increase in government expenditures will cause taxes to rise, which will reduce both aggregate demand and output. an increase in borrowing by the government will push interest rates upward, which will lead to a reduction in private spending. an increase in borrowing by the government will decrease the money supply and, thereby, reduce aggregate demand. an increase in government expenditures will cause the general level of prices to fall and, thereby, reduce aggregate demand and output.