AP Macroeconomics Question 154: Answer and Explanation
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8. Use the following three responses to answer the question: Fiscal policy is not always effective because of
I. crowding out.
II. rational expectations.
III. the balanced budget amendment.
- A. I only
- B. II only
- C. II and III
- D. I and II
- E. I, II, and III
Correct Answer: D