Keynesians generally answer Conservative charges that government spending is inflationary by
A) arguing for greater than proportionate tax increases.
B) pointing out that inflation is very unlikely when there is excess productive capacity and a high unemployment rate.
C) proposing high interest rates.
D) urging attention to the supply-side of the economy.
Correct Answer:
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Q2: Which of the following events do Conservatives
Q3: Which of the following is not an
Q4: According to Conservatives, one consequence of increased
Q5: The proposition that overproduction and underconsumption is
Q6: Conservatives maintain that expansionary Keynesian fiscal policies
A)
Q8: The Balanced-Budget Amendment to the U.S. Constitution
Q9: According to the Radical argument, what was
Q10: Stagflation refers to an economy with
A) higher
Q11: The major objective of countercyclical policy is
A)
Q12: Liberals believe that the Depression of the
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