Both images are of the same question I could only put 1 dropbox down at a time. # The Keynesian View of Fiscal Policy**Which of the following could cause an increase in the budget surplus? *Check all that apply.***- [ ] An economic expansion- [ ] Restrictive fiscal policy- [ ] An economic recession- [ ] Expansionary fiscal policy**True or False:** Keynesian economists argue that the government can fight inflation by implementing restrictive fiscal policy.- [ ] False - [ ] True Select from the following options: expansionary policy, countercyclical policy, restrictive policy.**Keynesian theory stresses the importance of __________ to offset fluctuations in __________.**(Note: The document includes a multiple-choice section but does not provide the correct answers. It also provides dropdown options for the fill-in-the-blank question.) # The Keynesian View of Fiscal Policy**Which of the following could cause an increase in the budget surplus? Check all that apply.**- [ ] An economic expansion- [ ] Restrictive fiscal policy- [ ] An economic recession- [ ] Expansionary fiscal policy**True or False:** Keynesian economists argue that the government can fight inflation by implementing restrictive fiscal policy.- [ ] False- [ ] True**Keynesian theory stresses the importance of** [Dropdown: "short run aggregate supply", "aggregate demand", "long run aggregate supply"] **to offset fluctuations in** [Dropdown: "short run aggregate supply", "aggregate demand", "long run aggregate supply"].

Keynesian economics views fiscal policy, which refers to government spending and taxation, as a key…

3. The Keynesian view of fiscal policy Which of the following could cause an increase in the budget surplus? Check all that apply. An economic expansion Restrictive fiscal policy An economic recession Expansionary fiscal policy True or False: Keynesian economists argue that the government can fight inflation by implementing restrictive fiscal policy. expansionary policy False countercyclical policy True

3. The Keynesian view of fiscal policy Which of the following could cause an increase in the budget surplus? Check all that apply. An economic expansion Restrictive fiscal policy An economic recession Expansionary fiscal policy True or False: Keynesian economists argue that the government can fight inflation by implementing restrictive fiscal policy. expansionary policy False countercyclical policy True

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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