The Major Points of the Conservative Views Presented in the Chapter

Multiple Choice

The major points of the Conservative views presented in the chapter include five arguments. Which of the following three are included:

A) Deficit spending crowds out private investment, cutting deficits causes recessions, increasing deficit spending causes inflation.
B) Deficit spending crowds out private investment, government spending is mostly wasteful, increasing deficit spending causes inflation.
C) Deficit spending crowds out private investment, government spending leads to no net increase in GDP, government spending improves the quality of life
D) Deficit spending leads to increases in private investment, government spending leads to no net increase in GDP, increased deficit spending causes inflation.