A Basic Objection to Increased Public Works Spending When Serious

A basic objection to increased public works spending when serious unemployment appears likely to develop is that

A) such spending would lead to a budget deficit.
B) such spending would lead to a decline in GDP.
C) all public works projects are wasteful.
D) there is a long lag between authorizing a program and actually spending the money.
E) stabilization policy is more important than the long-run desirability of public works.

Correct Answer:

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