True/False
At a level of output equal to the economy's potential,the simple spending multiplier in the long run equals one.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q61: Which of the following is an automatic
Q62: Which of the following will not increase
Q63: During an election year,the federal government would
Q64: If the economy is already producing at
Q65: Recent studies on the effectiveness of fiscal
Q67: The existence of stagflation in the 1970s
Q68: Discretionary fiscal policy works by shifting the
Q69: The combined effect of changes in government
Q70: Keynes thought that one macroeconomic problem is
Q71: One drawback of fiscal policy is the