Milton Friedman and others,citing imperfections and mistakes in the administration of fiscal policy,argue that government stabilization policies
A) often destabilize the economy.
B) are usually in doses too small to correct fluctuations in the economy.
C) are always for political gain,not economic stability.
D) always cause inflation.
E) have no effect on the economy.
Correct Answer:
Verified
Q28: A key issue in the present disagreement
Q29: Q30: According to crude versions of the quantity Q31: The _ hypothesis is based on the Q32: The new classical economists are the Q34: One major assumption of the theory of Q35: Supply-side economists believe that,in general, Q36: Keynesian economists tend to believe that the Q37: Supply-side economists would say that tax rates Q38: Which one of the following macroeconomic theories![]()
A)Keynesians.
B)economic behaviorists.
C)supply-siders.
D)rational
A)by raising tax
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