1-Expansionary fiscal policy is ineffective if* a-There is long run equilibrium b-There is complete crowding out c-The government has a budget surplus d-The MPC is less than 1 Fisca

ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter11: Fiscal Policy
Section: Chapter Questions
Problem 2.10P
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1-Expansionary fiscal policy is ineffective if*
a-There is long run equilibrium
b-There is complete crowding out
c-The government has a budget surplus
d-The MPC is less than 1
Fisca
Transcribed Image Text:1-Expansionary fiscal policy is ineffective if* a-There is long run equilibrium b-There is complete crowding out c-The government has a budget surplus d-The MPC is less than 1 Fisca
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