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Retnec Retnec
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Posts: 1082
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6 years ago
According to the Keynesian (activist) model, an attempt to balance the budget during a period of unemployment
A) would be consistent with sound economic policy.
B) would tend to intensify the unemployment problem.
C) would lead to stagflation--simultaneous unemployment and inflation.
D) would lead to inflation.
E) would shift the aggregate demand curve upward.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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hecosmetichecosmetic
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6 years ago
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Retnec Author
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6 years ago
You have the correct answer! Smiling Face with Halo
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