According to Buchanan and Wagner,why Is There a Political Bias

question 12

Multiple Choice

According to Buchanan and Wagner,why is there a political bias toward expansionary fiscal policy rather than contractionary fiscal policy?

• A) In a democracy,expansionary fiscal policy prescriptions are more politically popular than are the policy prescriptions associated with contractionary fiscal policy.
• B) In a democracy,contractionary fiscal policy prescriptions are more policitally popular than are the policy prescriptions associated with expansionary fiscal policy.
• C) They assert that empirical evidence has shown that Keynesian fiscal policy prescriptions have been successful at closing recessionary gaps,but not inflationary gaps.
• D) ​They assert that empirical evidence has shown that Keynesian fiscal policy prescriptions have been successful at closing inflationary gaps,but not recessioinary gaps.
• E) ​none of the above

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Electronic Commerce

The buying and selling of goods and services through the internet or other electronic systems.

Joint Innovations

Collaborative efforts between companies or individuals to create new products, services, or technologies.

Economic Order Quantity

The optimal quantity of inventory to order that minimizes the total costs associated with ordering and holding inventory.

Carrying Costs

Expenses associated with holding inventory, such as storage, insurance, and opportunity costs, until it is sold or used in production.