Keynesian analysis may have contributed to chronic federal budget ...

[HudsonKB16]

Keynesian analysis may have contributed to chronic federal budget deficits by
 
  A) advocating transfer payments to redistribute income.
  B) persuading the public that any given deficit could be a result of responsible policy decisions.
  C) putting economists in charge of fiscal policy.
  D) reducing the power of the government to finance expenditures through taxation.

Question 2

Refer to the figure above. If a price control is imposed at 8, what is the loss in producer surplus?
 
  A) 30
  B) 60
  C) 90
  D) 120

[patma1981]

Answer to Question 1

B

Answer to Question 2

B