Which School of Thought Believes That Fiscal Policy Should Have

question 35

Multiple Choice

Which school of thought believes that fiscal policy should have the central role in fighting recessions? I. classical macroeconomics
II) Keynesian macroeconomics
III) monetarism

• A) I only
• B) II only
• C) III only
• D) I, II, and III

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Definitions:

Plant Nursery

A specialized facility where plants are propagated, grown to a desired age, and then sold for planting elsewhere.

Liable

Legally responsible for one's actions or obligations, often in the context of paying damages or fulfilling a contractual agreement.

Durable Power of Attorney

A legal document granting someone the authority to act on another's behalf in legal and financial matters, which remains effective even if the grantor becomes incapacitated.

Authority

refers to the lawful right or power to make decisions, give orders, or enforce laws.