According to your textbook, Keynesian economic theory
A) argues that federal budget deficits were necessary during periods of rapid economic growth.
B) questioned the use of the federal budget deficit as a policy tool to manipulate and fine-tune the economy.
C) helped break the mentality that federal budget deficits were improper.
D) did all of the above.
E) did none of the above.
C
Economics
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Non-activists believe that the principal source of AD instability is
A) private investment spending. B) private consumption spending. C) erratic government policy. D) All of the above.
Economics
In building a model the assumption that allows economists to study only the factors being analyzed is the
A) rationality assumption. B) ceteris paribus assumption. C) the self-interest assumption. D) the scarcity assumption.
Economics