单选题
Most research indicates that there is, at best, only a weak
relationship between budget deficits and interest rates; higher deficits may
simply be matched by high savings. This statement most closely reflects which
one of the following views of fiscal policy?
- A. Keynesian theory.
- B. Crowding-out theory.
- C. New classical theory.
【正确答案】
C
【答案解析】New classical economists argue that consumers will interpret a decrease in personal taxes as an indicator of higher future taxes. As such, they will increase their savings to store up for the anticipated higher future taxes.