Even though the United States was in the midst of a historically long economic expansion, the federal
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Even though the United States was in the midst of a historically long economic expansion, the federal government ran large budget deficits (more than 3 percent of GDP) during 2016–2019. Would a Keynesian economist believe this was sound policy? Why or why not?
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A Keynesian economist would likely view the federal government running large budget deficits during a period of economic expansion such as 20162019 as ...View the full answer
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Related Book For 
Macroeconomics Private And Public Choice
ISBN: 9780357134009
17th Edition
Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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