Question
1. Describe a government policy that is busy when the economy is down and slow when the economy is booming. 2. How does it speed-up
1. Describe a government policy that is busy when the economy is down and slow when the economy is booming.
2. How does it speed-up when the economy slows down?
3. How does is slow down as the economy speeds up?
4. Aside from it counteracting swings in GDP, why would you support/oppose it?
example:
1. Government sponsored tourism bureaus are counter-cyclical.
2. When an area is depressed, the attractions, hotels and restaurants offer discounts for tourists. The government can help spread this news.
3. When an area is recovering, government can focus its efforts elsewhere.
4. I support government tourism campaigned because many of these businesses are mom&pop operations that aren't big enough to sponsor campaigns.
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