Author Question: According to Keynesian economics, fiscal policy should be coordinated to create a surplus during ... (Read 118 times)

roselinechinyere27m · **on:** Jun 30, 2018

According to Keynesian economics, fiscal policy should be coordinated to create a surplus during economic expansions.
a. True
b. False
Indicate whether the statement is true or false

Question 2

The view that decision-maker expectations are based on actual outcomes observed during the recent past is called the:
a. rational expectations hypothesis.
b. adaptive expectations hypothesis.
c. permanent income theory.
d. recognition lag.