Comparing Various Economic Policy Perspectives Which of the following policy rec

Question

Comparing Various Economic Policy Perspectives Which of the following policy recommendations are consistent with the Classical, Keynesian, Monetarist, Supply-Side, and/or area Moderation Consensus views of the macro economy and stabilization policy? Explain carefully! Since the long-run growth rate of GDP is 2% per year, the money supply should grow at 2% per year. Decrease government spending in order to decrease inflationary pressure. Increase the money supply in order to alleviate a recessionary gap. Always maintain a balanced budget. Decrease the budget deficit as a percentage of GDP when facing a recessionary gap.

Explanation / Answer

option E is correct

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