The major reasons why economists have grown increasingly skeptical about countercyclical fiscal policy are
a. irreversibility, forward looking behavior, and the reaction of the Federal Reserve.
b. irreversibility, forward looking behavior, and the negative effects of imports.
c. timing problems, irreversibility, and forward looking behavior,
d. timing problems, irreversibility, and the reaction of the Federal Reserve.
e. timing problems, irreversibility, forward looking behavior, and the reaction of the Federal Reserve.
E
You might also like to view...
Generally with bond ratings, the lower the rating, the ________ the interest rate an investor will receive and the ________ the the risk that the issuer of the bond will default
A) lower; lower B) higher; lower C) higher; higher D) lower; higher
If the demand curve for bologna shifts to the right as income falls then bologna is a(n):
A. normal good. B. substitute good. C. inferior good. D. complementary good.
Discouraged workers who want jobs but have stopped looking for jobs are:
A. frictionally unemployed. B. unemployed due to structural unemployment. C. no longer in the labour force. D. helped by minimum-wage legislation.
An economy in which output has decreased and prices have increased would suggest that there has been a:
A. negative demand side shock. B. negative supply side shock. C. positive demand side shock. D. positive supply side shock.