One reason the government enacts fiscal policy instead of waiting for the economy to correct itself is:
A) the automatic adjustment can take a very long time.
B) the automatic adjustment means a lower level of potential GDP.
C) the automatic adjustment will cause permanent inflation.
D) All of these are true.
Correct Answer:
Verified
Q25: If the fiscal policy makers aim to
Q29: If the government undertakes expansionary fiscal policy,it:
A)could
Q30: Economist John Maynard Keynes is famous for
Q33: If the government enacts contractionary fiscal policy,it
Q35: If the government increases the income tax
Q36: If the government increases the income tax
Q37: Economist John Maynard Keynes once said,"In the
Q37: Increased government spending is an example of:
A)
Q38: We use the term expansionary fiscal policy
Q39: If the government undertakes expansionary fiscal policy,
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