In the Early 1990s, Although the U

Multiple Choice

In the early 1990s, although the U.S.economy was in a recession, Congress rejected the idea of using an expansionary fiscal policy to close the recessionary gap on grounds that it would increase the budget deficit.This view accords with

A) the Keynesian and new Keynesian views.
B) the classical and monetarist views but not the new classical view.
C) the classical, monetarist and new Keynesian views but not the Keynesian view.
D) the classical, monetarist, and the new classical views but not the new Keynesian view.