A study conducted by Christina Romer on macroeconomic stabilization policy in the United States after World War II concluded that
A) fiscal policy did not contribute to the rate of growth of real GDP in years following the troughs of recessions.
B) discretionary fiscal policy and automatic stabilizers contributed to the rate of growth of real GDP in years following the troughs of recessions.
C) discretionary fiscal policy but not automatic stabilizers contributed to the rate of growth of real GDP in years following the troughs of recessions.
D) automatic stabilizers but not discretionary fiscal policy contributed to the rate of growth of real GDP in years following the troughs of recessions.
Correct Answer:
Verified
Q103: Which of the following statements is true
Q108: Which of the following statements is true?
A)
Q109: Which of the following are possible consequences
Q110: In a study by Christina Romer on
Q111: Expansionary fiscal policy leads to
A) lower interest
Q113: According to a study by Christina Romer
Q115: Recognition lags in fiscal policy stem largely
Q115: An expansionary fiscal policy is likely to
Q116: Figure 12-3 Q120: Figure 12-3
![]()
![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents