The basic elements of fiscal policy were developed by
A) John Maynard Keynes during the Great Depression
B) Jean Baptiste Say during the Panic of 1907
C) Adam Smith during the Stock Market Crash of the 1890s
D) Ronald Reagan during the recession of the early 1980s
Correct Answer:
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Q46: Which combination of fiscal policies would have
Q47: Suppose the economy is in a recession
Q48: Suppose the economy is in a recession
Q49: If the aggregate supply curve is horizontal,
Q50: If the aggregate supply curve is upward
Q52: The automatic fiscal stabilizers include all of
Q53: Unlike discretionary fiscal policy, automatic stabilizers consist
Q54: All of the following are problems of
Q55: Fiscal policy is enacted by the
A) Federal
Q56: The lag between the time that a
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