According to Keynes' philosophy of government budgets,_____.
A) chronic deficits accumulate into a national debt
B) permanent surpluses are desirable
C) fiscal policy focuses on maintaining an annually balanced budget
D) deficits dampen aggregate demand in the short run and reduce the federal debt
E) deficits are appropriate during recessions
Correct Answer:
Verified
Q54: A(n)_ is a budget philosophy that was
Q55: In the United States,since the Great Depression,the
Q56: When budget deficits during recessions are covered
Q57: Which of the following is true of
Q58: The federal budget deficit becomes _ during
Q60: An annually balanced budget:
A)is the surest path
Q61: Federal deficits amounted to 3.5 percent of
Q62: Which of the following statements is true?
A)Federal
Q63: If an increase in the federal deficit
Q64: The crowding in of private investment is
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