Which of the following is the strongest evidence of a shift toward a more expansionary fiscal policy?
a. an increase in government spending as a share of the economy and an expansion in the size of the budget deficit
b. a reduction in government spending as a share of the economy and a shift of the budget toward a surplus
c. an increase in government spending as a share of the economy and a shift of the budget toward a surplus
d. a reduction in government spending as a share of the economy and an expansion in the size of the budget deficit
A
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Which event was most important in promoting the belief that the U.S. government should work to ensure economy-wide stability?
A) World War II B) the Civil Rights Movement C) the California Gold Rush D) the Great Depression
Direct controls have a clear advantage when a total ban is necessary
a. True b. False Indicate whether the statement is true or false