Which of the following statements best describes John Maynard Keynes’s view regarding the economy?
a. The best way to emerge from a depression is for government to spend less money.
b. A balanced budget is not essential to promote economic growth.
c. When a recession occurs, government must raise taxes to pull the country out of the recession.
d. Deficits always keep economic growth from occurring.
e. The government should have no role in regulating the economy.
b. A balanced budget is not essential to promote economic growth.
You might also like to view...
The actions that government undertakes to accomplish common tasks are collectively known as
a. federal actions. b. public policy. c. judicial review. d. legislative statutes.
Which of the following helps explain the difficulty in solving the long-term debt problem in the United States?
A. The decline in the strength of American political parties in recent years has made compromise in this area highly unlikely. B. The Democratic Party has been captured by special interest groups that benefit from high levels of debt. C. The Republican Party refuses to reduce the level of taxes that restrict economic growth in society. D. The rise of extreme partisanship in recent years has made compromise in this area highly unlikely.