Which of the following policies followed by the Clinton administration were not Keynesian policies?
a. Reducing the budget deficit during a strong expansion.
b. Concentrating tax increases on upper income households.
c. Attempting to increase government spending in 1992 when the U.S. economy was below its natural rate of output.
d. Adjusting capital gains taxes for inflation in order to encourage savings.
D
You might also like to view...
Which of the following goods is an example of a good that is nonexcludable but not nonrivalrous?
a. National defense. b. A fishing lake. c. A lighthouse. d. A radio broadcast.
The largest recipient of remittances in dollars in the year 2008 was:
(a) India. (b) Mexico. (c) Pakistan. (d) Philippines.
Under the Bretton Woods system, exchange rates were supposed to be adjusted
A) only when a country experienced fundamental disequilibrium. B) daily. C) weekly. D) following each annual meeting of the board of governors of the International Monetary Fund.
What is necessary for fiscal policy to be sustainable? Why is fiscal policy in countries like Greece, Ireland, Spain, Italy and Portugal not considered sustainable?
What will be an ideal response?