Multiple Choice
Both Keynesians and non-Keynesians now recognize
A) the limitations of automatic stabilizers as a stabilization tool.
B) the adverse effects of high marginal tax rates on economic growth.
C) the difficulties involved in timing discretionary changes in fiscal policy in a stabilizing manner.
D) the highly expansionary impact of budget deficits.
Correct Answer:
Verified
Correct Answer:
Verified
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