Label each of the following statements as most likely to be made by a Keynesian (K), believer in the crowding out view (CO), a new classical economist (NC), or a supply sider (SS) (8mks) a. Expansions in government spending financed by borrowing (debt) are a highly effective way to increase aggregate demand in the economy. b. Large budget deficits cause high real interest rates that reduce private spending and investments. c. There is no link between budget deficits and interest rates, higher deficits are simply matched by higher savings. d. The expansionary effect of increased government spending will be completely offset by reductions in private consumption; thus, fiscal policy has no effect on aggregate demand. e. The expansionary effect of increased government spending financed with debt will at least be partially offset by the negative effects of higher interest rates caused by government borrowing. f. Lower marginal tax rates stimulate people to work, save, and invest, resulting in more output and a larger tax base. g. The primary use of fiscal policy should not be to counter short-run business cycle fluctuations but rather to promote long-run growth in the economy. h. Whenever the economy is in recession, expansionary fiscal policy should be employed to restore full employment