While there are intense debates among macroeconomists regarding the effectiveness of expansionary fiscal policy during a severe recession, both the keynesian and non-keynesian economists agree that fiscal policy is subject to some limitations as a stabilization tool. which of the following are points of agreement between most macroeconomists? check all that apply. government should increase its spending during a severe recession because the crowding-out will be minimal and will not negatively affect long-term growth. discretionary fiscal policy is less effective than is implied by the early keynesian view. an increase in government spending will not stimulate aggregate output during a r