Which of the following economic perspectives would be most opposed to a balanced-budget rule?
A. Monetarism
B. Mainstream economics
C. Rational expectations
D. New classical economics
B. Mainstream economics
Economics
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In 2004, hurricanes damaged a large portion of Florida's orange crop. As a result of this, many orange growers were not able to supply fruit to the market
If, following the hurricane, the price remained at its pre-hurricane level, we would expect to see A) a surplus of oranges. B) a shortage of oranges. C) an increase in the demand for oranges. D) the quantity demanded equal to the quantity supplied.
Economics
The costs of inflation depend upon
A) whether it is anticipated or unanticipated. B) who pays it and who receives it. C) the future savings rate. D) none of the above.
Economics