Business, 16.03.2020 22:04 kalibaby

Please match each description with the appropriate approach to federal finance. Policymakers should reduce spending and increase taxes when the economy is growing in order to prevent "overheating". This approach was considered conventional wisdom until the advent of the Great Depression. Policymakers should focus on keeping unemployment low and providing the people with the public goods and services they want. If insisted upon, this approach would only worsen the economy during a recession. This approach ignores the impact of the budget on the business cycle.

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Please match each description with the appropriate approach to federal finance. Policymakers should...

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