Activist fiscal policies:
A) generally produce balanced budgets.
B) usually produce budget surpluses.
C) usually produce budget deficits.
D) do not have any systematic effect on budget surpluses or deficits.
Correct Answer:
Verified
Q52: If private investment is relatively sensitive to
Q53: In practice, economists:
A)agree about what the level
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
Q58: If the government knew the precise values
Q59: Contractionary fiscal policy that reduces the budget
Q60: Because reducing both unemployment and inflation simultaneously
Q61: The introduction of "rainy-day funds" by states
Q62: If the economy falls into a recession,
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