Those who advocate counter-cyclical fiscal policy would agree with all but one of the following statements.Which is the exception?
A) Governments should be non-interventionist.
B) Automatic stabilizers are not particularly effective.
C) The economy is not capable of automatic self-adjustment in response the problems of unemployment and inflation.
D) Counter cyclical fiscal policy is a powerful and effective tool.
E) Government budget deficits are a less serious problem than income gaps.
Correct Answer:
Verified
Q20: What is net tax revenue in excess
Q21: What would be appropriate government action to
Q22: Which of the following would help reduce
Q23: If the government used counter-cyclical policy to
Q24: Graphically,what would cause the aggregate demand curve
Q26: Graphically,what happened to the aggregate demand curve
Q27: All of the following,except one,is a criticism
Q28: How would you graphically illustrate counter-cyclical fiscal
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents