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.

. 1.cyclically balanced budget

2. annually balanced budget

3. functional finance

4. annually balanced budget

5. functional finance

Explanation:

policymakers should reduce spending and increase taxes when the economy is growing in order to prevent "overheating" Cyclically balanced budget

2. this approach was considered conventional wisdom until the advent of the great depression---Annually balanced budget

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

4. if insisted upon, would only worsen the economy during a recession--Annually balanced budget

5. ignores the impact of the budget on the business cycle.functional finance

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