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Business, 08.03.2020 23:38 Pooh1189

Please match each description with the appropriate approach to federal finance.
Policymakers should reduce spending and increase taxes when the economy is growing
in order to prevent "overheating".

This approach was considered conventional wisdom until the advent of the
Great Depression.

Policymakers should focus on keeping unemployment low and providing the people
with the public goods and services they want.

If insisted upon, this approach would only worsen the economy during a recession.

This approach ignores the impact of the budget on the business cycle.

cyclically balanced budget
annually balanced budget
functional finance

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Please match each description with the appropriate approach to federal finance.
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