Multiple Choice
According to the Keynesian view, the large budget deficits of 2008-2015 resulted in
A) an increase in aggregate supply during that period.
B) weak aggregate demand and a continuation of recessionary conditions.
C) an increase in aggregate demand and higher real output during that period.
D) higher interest rates and taxes that slowed economic growth.
Correct Answer:
Verified
Correct Answer:
Verified
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