Which group is most likely to argue that an increase in government spending will be more effective than a reduction in taxes as a tool to promote recovery?
A)monetarists
B)Keynesian economists
C)supply-side economists
D)new classical economists
E)All of the above; there is a consensus on this issue.

Question

Quizplus · Accepted Answer

Keynesian economists believe that during a recession, increased government spending can directly boost demand and stimulate economic recovery more effectively than tax cuts, which may not immediately translate into increased spending.

Which Group Is Most Likely to Argue That an Increase