Which of the following will result in the 'crowding in' effect in the economy?
(i) Public borrowings to finance spending on infrastructure
(ii) Public borrowings to finance spending on salaries and wages
(iii) Public borrowings to finance spending on health and education
(iv) Public borrowings to finance spending on skill development
Choose the correct answer from the code given below :
1
(i), (ii) and (iii)
2
(iii) and (iv)
3
(i), (iii) and (iv)
4
(i) and (ii)