Statement I: During periods of inflation the liberal economist would favor tax increases and the conservative economist would favor government spending cuts.
Statement II: Liberal economists favor a larger economic role for the government than conservative economists.
A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.
Correct Answer:
Verified
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A).1.
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C).5.
D).8.
E)1.0.
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