True/False
The main problem with the European stability pacts of 1999 and 2011 was that they forced countries to follow contractionary fiscal policies during a recession to keep the budget deficit to the required level.
Correct Answer:

Verified
Correct Answer:
Verified
Q222: Fiscal policies that require no government action
Q223: The public ratio of debt to GDP
Q224: Use the following to answer questions:<br>Figure: Fiscal
Q225: Use the following to answer questions:<br>Figure: Short-Run
Q226: Expansionary fiscal policy pushes the aggregate demand
Q228: Use the following to answer questions:<br>Figure: Fiscal
Q229: Sales taxes, property taxes, income taxes, and
Q230: Most economists believe that the government should
Q231: If the government spends an extra $5
Q232: In 2009 Greece received emergency loans from