Keynesians have what view of deficit spending?
A) may be necessary when there is a long-term downturn
B) should be balanced out during prosperous times
C) is more likely to be effective than changing interest rates in a recession
D) all of the above
Correct Answer:
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Q1: Adam Smith
A) supported laissez-faire policies that opposed
Q2: Liberals
A) are not attuned to the role
Q3: Interventionist liberals are more concerned than orthodox
Q4: John Maynard Keynes
A) viewed limits on imports
Q6: The embedded liberal compromise
A) was supported by
Q7: Friedrich Hayek and Milton Friedman
A) reluctantly accepted
Q8: The term "stagflation" refers to what combination
Q9: Liberals generally posit that
A) trade is likely
Q10: Robert Keohane and Joseph Nye
A) believe there
Q11: Neomercantilists are more skeptical than liberals that
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