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Keynesian macroeconomics Monetarist macroeconomics both (b) and (c) Classical macroeconomics Question 8)

Keynesian macroeconomics Monetarist macroeconomics both (b) and (c) Classical macroeconomics Question 8)

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Pls help with below homework, answer both question in 6-7 sentence only.

Question 7) The two purposes of the federal budget include financing the activities of the federal government and achieving macroeconomic objectives. The first purpose was the federal government's only purpose before the Great Depression years of the 1930s, meanwhile, the second purpose evolved as a response to the Great Depression. Which school of the macroeconomic thought contributed to the development of the federal budget second purpose? Keynesian macroeconomics Monetarist macroeconomics both (b) and (c) O Classical macroeconomics Question 8) ; and The government has a balanced budget when the budget balance is negative when its budget balance is positive when. the budget balance is positive; the government saving is negative; the tax revenues exceed outlays the tax revenues equal outlays; the tax revenues exceed outlays; the government has a budget deficit only (b) and (c)
Transcribed Image Text:Question 7) The two purposes of the federal budget include financing the activities of the federal government and achieving macroeconomic objectives. The first purpose was the federal government's only purpose before the Great Depression years of the 1930s, meanwhile, the second purpose evolved as a response to the Great Depression. Which school of the macroeconomic thought contributed to the development of the federal budget second purpose? Keynesian macroeconomics Monetarist macroeconomics both (b) and (c) O Classical macroeconomics Question 8) ; and The government has a balanced budget when the budget balance is negative when its budget balance is positive when. the budget balance is positive; the government saving is negative; the tax revenues exceed outlays the tax revenues equal outlays; the tax revenues exceed outlays; the government has a budget deficit only (b) and (c)
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