Which statement(s) is/are TRUE? I. The first priority for economists who favor a functional finance approach to the federal budget is to determine whether the budget is in surplus or deficit.
II) Slowly growing and fully employed economies do not have important public debt or deficit issues.
III) The government's primary job, according to those who favor functional finance, is to provide the public goods and services citizens want.

Question

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The correct statement is III. Functional finance prioritizes the government's role in providing public goods and services over balancing the budget. Statements I and II misrepresent the principles of functional finance and the impact of economic conditions on public debt concerns.

Which Statement(s) Is/are TRUE? I