Author Question: When all else is held constant, during recessions government (a) revenues and expenditures ... (Read 58 times)

maegan_martin · **on:** Jun 30, 2018

When all else is held constant, during recessions government

(a) revenues and expenditures increase.
(b) revenues increase and expenditures decrease.
(c) revenues decrease and expenditures rise.
(d) revenues and expenditures decrease.

Question 2

The classical model differs from the Keynesian model in that

a. monetary policy does not impact output in the Keynesian model.
b. the classical model focuses on the long-run and the Keynesian model focuses on the short-run.
c. fiscal policy is more powerful in the classical model than in the Keynesian model.
d. the classical model believes monetary policy is a powerful impact on output and fiscal policy is not.
e. None of the above