Whichargumentspheredoesthefollowingargumentbelongto?
“Incontrastwithmanyneoclassicaltheorists,whoseegovernmentspendingasconstrained,modernmonetarytheory(MMT)seesgovernmentspendingasrelativelylesslimited.ThisisbecauseaccordingtoMMTtheverynotionofgovernmentdebtisamisnomerduetothegovernment’scontroloverthefiatmoneysupply.Thusspendingoninfrastructureprojectsisoftenseenasadvantageous,particularlyattimesoflowinterestrates.”
Checkoneoption.
“Incontrastwithmanyneoclassicaltheorists,whoseegovernmentspendingasconstrained,modernmonetarytheory(MMT)seesgovernmentspendingasrelativelylesslimited.ThisisbecauseaccordingtoMMTtheverynotionofgovernmentdebtisamisnomerduetothegovernment’scontroloverthefiatmoneysupply.Thusspendingoninfrastructureprojectsisoftenseenasadvantageous,particularlyattimesoflowinterestrates.”
Checkoneoption.
