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nelida Rubio
on Oct 13, 2024

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During times of inflation conservative economists would be most in favor of

A) spending cuts.
B) spending increases.
C) tax cuts.
D) tax increases.

Inflation

The increase in the general price level of goods and services, leading to a decline in purchasing ability.

Conservative Economists

Economists who advocate for minimal government intervention in the economy, emphasizing free-market principles and fiscal conservatism.

Spending Cuts

Reductions in government or organizational spending, often implemented to reduce deficits or allocate resources more efficiently.

  • Understand the role of fiscal policy in affecting recession and inflation.
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Madelin CanalesOct 17, 2024
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