ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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how does the fiscal policy handle the major
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Step 1
The failure of unemployment has been a major issue of concern regarding the macroeconomic conditions of the economy. To handle this fiscal policy is enacted by the government which helps in decreasing the unemployment situation in the economy. It is done through:
- Lowering of taxations
- Providing more subsidies, grants, etc.
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- Explain the difference between fiscal policy and monetary policy. What are some of the reasons these macroeconomic policies are used? Elaborate on reasons these policies are used.arrow_forwardTools ofmonetary policy and fiscal policy?arrow_forwardWhat should government do with its spending and taxes during a recession? Why?arrow_forward
- Fiscal PolicyHow can fiscal policy create jobs?arrow_forwardWhat are the main tax credit programs designed to boost the incomes of people who are unemployed or low earners? How effective are these tax credit programs, and for whom? Give two references and citations.arrow_forwardDuring a recession, does G or I fall more? Why? G = goverment spending I = investment spendingarrow_forward
- Do you think policy makers should attempt to stabilize the economy ? Why ?arrow_forwardQuestion 4 Using AD\ AS model, show how the fiscal policy work in case of recession.arrow_forwarddescribe the economic viewpoints and theories of John Maynard Keynes. What were his views of the causes recessions and solutions to fixing them? In his view, what place did government have to improve markets? What does the concept of "crowding out" mean in all of this?arrow_forward
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