Countercyclical fiscal policy consists of using an expansionary fiscal policy during and a contractionary fiscal policy during O a) economic downturns; economic expansions Ob) periods of rapid economic growth; periods of slow economic growth Oc) political stability; political unrest d) times of low unemployment; times of high unemployment e) times of high inflation; times of low inflation

Countercyclical fiscal policy consists of using an expansionary fiscal policy during and a contractionary fiscal policy during O a) economic downturns; economic expansions Ob) periods of rapid economic growth; periods of slow economic growth Oc) political stability; political unrest d) times of low unemployment; times of high unemployment e) times of high inflation; times of low inflation

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Explain your decision making regarding government expenditure and how it changed based on the macroeconomic conditions. What was the intent of your fiscal policy decisions in response to the given economic climate? Evaluate your fiscal policy decisions, including how they impacted key macroeconomics factors such as real GDP growth and unemployment. To what extent did your policies yield positive or negative outcomes? Refer to the AD/AS model to support your analysis in this section of your report.
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