E.Carey Brown, an MIT economist, studied government deficits during the Great Depression and found that even though actual deficits were large, the structural deficit changed very little.Which of the following statements is consistent with this finding?

Question

Quizplus · Accepted Answer

The finding suggests that even though deficits were being incurred, there wasn't much effort to use fiscal policy to stimulate the economy. Therefore, option C - Fiscal policy was not tried during the Depression - is the consistent statement.

ECarey Brown, an MIT Economist, Studied Government Deficits During the Great