2. What are governments fiscal policy options for moving the economy out of a recession? Speculate on

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2. What are government’s fiscal policy options for moving the economy out of a recession? Speculate on which of these fiscal options might be favored by

(a) a person who wants to preserve the size of government and

(b) a person who thinks the public sector is too large. How does the “ratchet effect” affect anti-inflationary fiscal policy? LO1

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Essentials Of Economics

ISBN: 9780077502140

3rd Edition

Authors: Stanley Brue, Campbell McConnell, Sean Flynn

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