Economist John Maynard Keynes is famous for saying,"In the long run,we are all dead." He is referring to:
A) the length of time it can take the economy to recover to potential GDP without policy intervention.
B) the permanent inflation that results in long-run adjustments.
C) the fact that no policy can affect the long-run equilibrium.
D) None of these is true.
Correct Answer:
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Q22: Government decreasing taxes is an example of:
A)
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Q29: If the government undertakes expansionary fiscal policy,it:
A)could
Q29: If the government increases the income tax
Q32: If the government were to reduce its
Q33: If the government enacts contractionary fiscal policy,it
Q34: One reason the government enacts fiscal policy
Q35: If the government increases the income tax
Q36: If the government enacts contractionary fiscal policy,
Q38: We use the term expansionary fiscal policy
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