According to Arthur Schlesinger, Jr., government spending
a. may grow more slowly during conservative periods, but will never contract.
b. follows a natural cycle of increases during liberal periods and decreases during conservative periods.
c. grows at the same rate under both liberal and conservative leadership; only the distribution (defense v. civilian) of the spending changes.
d. reflects attempts by political leaders to reject the dominant political ideology of their youth.
a. may grow more slowly during conservative periods, but will never contract.
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A primary difference between rebates and coupons?
A) Coupons allow individuals to sort themselves into the high-elasticity group after the sale. B) Neither coupons or rebates are redeemed in high numbers. C) Rebates allow individuals to sort themselves into the high-elasticity group after the sale. D) Coupons are legal and rebates are illegal.
The total lag for fiscal policy tends to be shorter than the total lag for monetary policy
a. True b. False Indicate whether the statement is true or false