Dear Expert, the question that is provided as an image is one question. If there the questions necessitate you to interact with the graph, kindly make your work clear and apparent as to how I should accordingly interact with it. I have provided all options you would expect to see in the form of an annotation. Several tutors have been answering these questions wrongly so kindly consider all aspects of the question. Thank you. 3. The Keynesian view of fiscal policyWhich of the following could cause a decrease in the budget deficit? Check all that apply.Expansionary fiscal policyO An economic recessionO An economic expansionRestrictive fiscal policyTrue or False: Keynesian economists argue that the government can fight inflation by implementing restrictive fiscal policy.expansionary policyshort run aggregate supplyTruecountercyclical policyaggregate demandFalserestrictive policylong run aggregate supplyKeynesian theory stresses the importance ofto offset fluctuations in

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Answered: Which of the following could cause a…

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter12: Fiscal Policy, Incentives, And Secondary Effects

Section: Chapter Questions

Problem 1CQ

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Dear Expert, the question that is provided as an image is one question.

If there the questions necessitate you to interact with the graph, kindly make your work clear and apparent as to how I should accordingly interact with it.

I have provided all options you would expect to see in the form of an annotation.

Several tutors have been answering these questions wrongly so kindly consider all aspects of the question.

Thank you.

3. The Keynesian view of fiscal policy
Which of the following could cause a decrease in the budget deficit? Check all that apply.
Expansionary fiscal policy
O An economic recession
O An economic expansion
Restrictive fiscal policy
True or False: Keynesian economists argue that the government can fight inflation by implementing restrictive fiscal policy.
expansionary policy
short run aggregate supply
True
countercyclical policy
aggregate demand
False
restrictive policy
long run aggregate supply
Keynesian theory stresses the importance of
to offset fluctuations in

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