Functional finance:
A) is based on empirical evidence that fiscal policy can be effective in smoothing business cycles.
B) is based on the political realities of voters wanting their government to respond to recessions.
C) is a theoretical proposition, not a moral proposition.
D) is a proposition supported by public choice economists.
Correct Answer:
Verified
Q21: According to most economists, fiscal policy is:
A)not
Q27: Refer to the graph shown.Expansionary fiscal policy
Q29: Refer to the graph shown.Suppose the government
Q29: An economist who follows a functional finance
Q31: If a government finances an increase in
Q32: Even as the U.S. government ran large
Q33: Reducing the budget deficit by cutting government
Q33: Refer to the graph shown.Expansionary fiscal policy
Q35: Which of the following is most representative
Q38: Fine tuning the economy with fiscal policy
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