In practice, economists:
A) agree about what the level of potential output is but disagree about what policies are appropriate.
B) disagree about what the level of potential output is but agree about what policies are appropriate.
C) agree about what the level of potential output is and about what policies are appropriate.
D) disagree about what the level of potential output is and about what policies are appropriate.
Correct Answer:
Verified
Q48: If a fiscal expansion financed by government
Q49: If interest rates adjust to equate savings
Q50: When the government runs a deficit it
Q51: Expansionary fiscal policy that raises the budget
Q52: If private investment is relatively sensitive to
Q54: Crowding out:
A)increases the multiplier effect, so that
Q55: Suppose the government increases spending by $30
Q56: Fiscal policy is typically:
A)extremely flexible because most
Q57: Activist fiscal policies:
A)generally produce balanced budgets.
B)usually produce
Q58: If the government knew the precise values
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