Politics

Question

d. laissez-faire policy

Although Keynesian economists argue that increased government spending

leads to higher employment, classical economists argue the intended stimulu:

employment gets

by higher interest rates.

a.

b.

C.

d.

crowded out

reinforced

more stable

localized

Answer

Laissez-faire policy argues that increased employment gets crowded out by higher interest rates.

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Laissez-faire policy is an economic theory that argues that government intervention in the economy should be minimal and that the free market should be allowed...