Economists who focus on the need for fiscal austerity tend to focus on
A) the long run.
B) the short run.
C) both the short run and the long run.
D) neither the short run or the long run.
Correct Answer:
Verified
Q32: If taxes and government expenditures were constant
Q33: When the economy is operating close to
Q34: A policy of fiscal austerity could have
Q35: The structural deficit:
A)rises as the economy expands
Q36: The cyclical deficit:
A)is not affected by changes
Q38: Compared to the predictions of the standard
Q39: If income falls below its potential and
Q40: Deficits and surpluses are best viewed as:
A)comprehensive
Q41: Policymakers generally are:
A)more concerned about structural deficits
Q42: In the formula to calculate the real
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