Widespread Acceptance of the Keynesian Theory of Fiscal Policy

Multiple Choice

Widespread acceptance of the Keynesian theory of fiscal policy

A) caused most economists to reject the public choice view of budget deficits.
B) relaxed the political pressure to balance the budget and, hence, paved the way for the persistent budget deficits of the last five decades.
C) was based on the view that continual budget deficits would help stabilize the economy.
D) increased the pressure for a constitutional amendment mandating that the federal government balance its budget.