Recall the Application about Austrian economist Henry Hazlitt and the Broken Window Fallacy to answer the following question(s) . Hazlitt questioned whether a hoodlum breaking a store window was actually good for society.
-According to the Application, the argument that the broken window is good for society
A) works in the Keynesian world when the economy is operating below full employment.
B) works in the classical world when the economy is operating at full employment.
C) works in both the Keynesian and classical worlds regardless of where the economy is operating relative to full employment.
D) never works in the Keynesian or classical worlds regardless of where the economy is operating relative to full employment.
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