Which of the following policies followed by the Clinton administration
Which of the following policies followed by the Clinton administration were not Keynesian policies?
a. Reducing the budget deficit during a strong expansion.
b. Concentrating tax increases on upper income households.
c. Attempting to increase government spending in 1992 when the U.S. economy was below its natural rate of output.
d. Adjusting capital gains taxes for inflation in order to encourage savings.
ANSWER
D
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