Classical economic theories such as those prior to the Great Depression budgets
ID: 1206433 • Letter: C
Question
Classical economic theories such as those prior to the Great Depression budgets and limited government involvement in the markets. Economists who favor this school of thought would support tax cuts during economic downturns and the reduction of government spending tax increases during economic downturns with increases in government spending tax cuts during economic downturns tax increases during periods of expansion A follower of John Maynard Keynes would recommend which of the following during economic slowdowns? increasing taxes and government spending increasing taxes and decreasing government spending decreasing taxes and increasing government spending decreasing taxes and decreasing government spendingExplanation / Answer
28. C
29. C