1. Economist A believes the economy is self-regulating.Economist B believes that wages and prices are inflexible downward.Economist C believes that the AS curve is vertical.Economist D believes that crowding out is likely to be complete.Which economist is most likely to advocate for expansionary fiscal policy in the in the form of greater government spending to remove an economy from a recessionary gap? Economist A, B,C,D?

2.Some economists believe that government bailouts privatize the benefits of doing business and socialize the costs, leading to more companies needing to be bailed out. T/F

3.If the (average) tax rate is cut by 10%, and as a result the tax base rises by 15%, tax revenues will rise. T/F

4.The Taylor rule is an example of a rule-based monetary policy system. T/F