Economists in favor of the functional finance approach to balancing the federal budget believe that the first priority of lawmakers is to keep the economy at full employment with stable prices, not to balance the federal budget.

Question

Quizplus · Accepted Answer

Functional finance approach prioritizes maintaining full employment with stable prices as the key goal, while balancing the federal budget is not the primary objective.

Economists in Favor of the Functional Finance Approach to Balancing