Professor Cowen's objection to fiscal policy spending by government is:
A. the government may rush to start stimulus spending and not spend money in the most effective way possible.
B. the government may put too much thought into the spending projects and confuse stimulus spending with industrial policy.
C. households and businesses might realize that the boost in spending is from the government and simply save the income they receive.
D. the government may not have enough money available to do an appropriate amount of spending.
Answer: A. the government may rush to start stimulus spending and not spend money in the most effective way possible.
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In the United States during the 1980s, there was a movement toward deregulation of industry
a. True b. False Indicate whether the statement is true or false
Illustrate the cost curves and average revenue (demand) curve for the perfectly competitive firm in long-run equilibrium.
What will be an ideal response?