Asked by Christine Angora on May 21, 2024
Verified
The Golden Age of fiscal policy was during _____.
A) the 1920s
B) World War II
C) the Eisenhower years
D) the 1960s
E) the Reagan administration years
Golden Age
A period of great happiness, prosperity, and achievement, often idealized in historical contexts or specific fields.
Fiscal Policy
The use of government spending and taxation to influence the economy, including policies aimed at reducing unemployment, controlling inflation, and fostering economic growth.
- Examine the effects of fiscal policy on economic equilibrium.
Verified Answer
CA
Christelle asumaniMay 27, 2024
Final Answer :
D
Explanation :
The 1960s are often referred to as the Golden Age of fiscal policy, largely due to the influence of Keynesian economics, which advocated for government intervention in the economy. During this period, under Presidents Kennedy and Johnson, the U.S. government actively used fiscal policy to stimulate economic growth and address unemployment, marking a high point in the application of Keynesian principles.
Learning Objectives
- Examine the effects of fiscal policy on economic equilibrium.
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