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In the classical view, expansionary fiscal policy financed by a tax increase would a.work as long as the tax increase was a direct increase b.not
In the classical view, "expansionary" fiscal policy financed by a tax increase would
a.work as long as the tax increase was a direct increase
b.not work because a tax increase would cause inflation
c.not work because private expenditures would be reduced by the same amount as the increase in public expenditures
d.not work because real interest rates would decline
e.not work because of crowding out
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