Widespread Acceptance of the Keynesian Theory of Fiscal Policy

question 83

Multiple Choice

Widespread acceptance of the Keynesian theory of fiscal policy

• A)caused most economists to reject the public choice view of budget deficits.
• B)relaxed the political pressure to balance the budget and hence paved the way for the continual budget deficits of recent decades.
• C)was based on the view that continual budget deficits would help stabilize the economy.
• D)increased the pressure for a constitutional amendment mandating that the federal government balance its budget.

---

Definitions:

Harmful Substance

A material or agent that can cause damage to living organisms or the environment.

Toxic Effect

Poisonous substance causing a health-related reaction.

Adverse Effect

An unintended and harmful result typically caused by medications, medical treatment, or exposure to a chemical substance.

Correct Route

The appropriate or prescribed path or method for administering a treatment or medication.