Both Keynesians and non-Keynesians now recognize
A) the limitations of automatic stabilizers as a stabilization tool.
B) the adverse effects of high marginal tax rates on economic growth.
C) the difficulties involved in timing discretionary changes in fiscal policy in a stabilizing manner.
D) the highly expansionary impact of budget deficits.
Correct Answer:
Verified
Q56: Supply-side economics stresses that
A) budget deficits will
Q57: The crowding-out effect refers to the possibility
Q58: If a budget surplus leads to a
Q59: If the crowding-out effect is strong, how
Q60: Which of the following attributes of the
Q62: Which of the following is a consensus
Q63: The incentive to consume tax-deductible goods, instead
Q64: Supply-side economic policies are best viewed as
A)
Q65: Which of the following best explains why
Q66: An increase in subsidies and other government
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