True/False
The application of Keynesian economics to public finance and fiscal policy by Abba Lerner, and its incorporation into Paul Samuelson's economic principles textbook, was known as procyclical finance.
Correct Answer:
Verified
Correct Answer:
Verified
Q65: The view that the government budget should
Q66: Economists who believe in sound finance would
Q67: During an economic contraction, automatic stabilizers:<br>A)reduce both
Q68: Which of the following is most representative
Q69: Refer to the graph shown. Assume the
Q71: The elimination of automatic stabilizers would decrease
Q72: Crowding out is the offsetting effect on
Q73: As the economy contracts, tax revenues:<br>A)fall and
Q74: The crowding out effect would be lower
Q75: Functional finance is:<br>A)based on empirical evidence that