John Maynard Keynes Influenced the Use of Fiscal Policy in the U.S.by

Multiple Choice

John Maynard Keynes influenced the use of fiscal policy in the U.S.by arguing effectively that

A) balancing the national budget at all times was sound economic policy
B) natural economic forces were not necessarily adequate to move the economy toward its potential output level
C) the government did not need to stimulate output in order for the economy to achieve its potential output level
D) increases in taxes and increases in government purchases are equally effective in closing an expansionary gap
E) increases in taxes and increases in government purchases are equally effective in closing a contractionary gap