Author Question: According to new classical economists, a. deficits should have a large and negative impact on ... (Read 46 times)

tiara099 · **on:** Jun 30, 2018

According to new classical economists,

a. deficits should have a large and negative impact on output.
b. deficits should have no discernable impact on output.
c. deficits will have no impact on private consumption.
d. growth in the 1990s was driven by falls in the deficit.
e. None of the above

Question 2

According to the quantity theory of money, an increase in the stock of precious metals or bills of exchange usually results in increased trade and rising prices. Both economic events helped merchant capitalists and the king.

Indicate whether the statement is true or false