Which of the following is not true about the Keynesian consensus?
A) It was largely discredited in many Western democracies in the 1980s.
B) It is in no way related to the accumulation of government spending deficits.
C) It declined and deteriorated in response to an increase in government debt.
D) It was increasingly challenged in economics and policy-making communities.
E) It was the belief that governments could and should manage their economies through fiscal policy measures.
Correct Answer:
Verified
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