Using increased government spending and tax cuts to fight a recession is consistent with _____ economics.
A) classical
B) classical and monetarist
C) classical and Keynesian
D) Keynesian and Great Moderation consensus

Question

Quizplus · Accepted Answer

Keynesian economics advocates for increased government spending and tax cuts to counteract economic downturns, aligning with the principles of the Great Moderation consensus, which also supports the use of fiscal and monetary policy to stabilize the economy.

Using Increased Government Spending and Tax Cuts to Fight a Recession