The Second Crisis of Economic Theory Refers to

Multiple Choice

The second crisis of economic theory refers to

A) The typical fiscal policy trade-off between unemployment and inflation.
B) The dominance of Keynesian views in fiscal policy to the exclusion of newer,more enlightened viewpoints.
C) An emphasis on the level of output without concern for the content of output in terms of fiscal policy.
D) Our inability to maintain full employment output over any significant period of time.