According to a Classical, Sound Finance Perspective on Macroeconomics, If

question 63

Multiple Choice

According to a Classical, sound finance perspective on macroeconomics, if an economy is on an inflationary path, the government should run:

• A)a budget deficit and increase spending, which will reduce output.
• B)a budget surplus and decrease spending, which will reduce output.
• C)neither a surplus nor a deficit since changes in deficit spending do not affect output.
• D)neither a surplus nor a deficit since changes in spending affect output.

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Definitions:

Dramatic Opportunities

Situations or moments that present a significant potential for impactful action, often requiring swift and decisive responses.

Envisioning

The process of imagining or projecting a future state or goal for an organization or for oneself, often including innovative or inspiring elements.

Senior Leaders

Top-level executives and managers who are responsible for setting strategic direction and ensuring organizational success.

Credible Vision

A believable and inspiring future state that an organization or individual aspires to achieve, characterized by clarity, feasibility, and the ability to motivate stakeholders.