{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-21T06:09:59-04:00", "answer_date": "2024-06-21 06:09:59", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "3408516", "url": "\/study-help\/questions\/3-one-advantage-of-fiscal-policy-is-that-it-operates-3408516", "question_creation_date_js": "2024-06-21T06:09:59-04:00", "question_creation_date": "Jun 21, 2024 06:09 AM", "meta_title": "[Solved] 3. One advantage of fiscal policy is that | SolutionInn", "meta_description": "Answer of - 3. One advantage of fiscal policy is that it operates through automatic stabilisers. Describe the automatic stabiliser | SolutionInn", "meta_keywords": "3,one,advantage,fiscal,policy,operates,automatic,stabilisers,operate,recession,help,close", "question_title_h1": "3. One advantage of fiscal policy is that it operates through automatic stabilisers. Describe the automatic stabilisers and explain how they operate during a recession", "question_title": "3. One advantage of fiscal policy is that it operates through automatic", "question_title_for_js_snippet": "3 One advantage of fiscal policy is that it operates through automatic stabilisers Describe the automatic stabilisers and explain how they operate during a recession to help close a deflationary gap (2 marks) 4 The COVID 19 pandemic triggered an unprecedented change in the oil industry, leading to a historic market collapse in oil prices In 2020, worldwide demand for oil fell rapidly as governments closed businesses and restricted travel due to the COVID 19 pandemic An oil price war between Russia and Saudi Arabia erupted in March 2020 when the two nations failed to reach a consensus on oil production levels In April, an oversupply of oil led to an unprecedented collapse in oil prices, forcing the contract futures price for West Texas Intermediate (WTI) to plummet from $180 a barrel to around $37 a barrel I Which of the two diagrams given below showing a change in the aggregate supply (AS) or aggregate demand (AD) curve best describes the effect of the change in oil prices on the economy Briefly explain your answer (2 marks)", "question_description": "\"image

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\"image<\/div><\/div><\/div> 3. One advantage of fiscal policy is that it operates through automatic stabilisers. Describe the automatic stabilisers and explain how they operate during a recession to help close a deflationary gap. (2 marks) 4. The COVID-19 pandemic triggered an unprecedented change in the oil industry, leading to a historic market collapse in oil prices. In 2020, worldwide demand for oil fell rapidly as governments closed businesses and restricted travel due to the COVID-19 pandemic. An oil price war between Russia and Saudi Arabia erupted in March 2020 when the two nations failed to reach a consensus on oil production levels. In April, an oversupply of oil led to an unprecedented collapse in oil prices, forcing the contract futures price for West Texas Intermediate (WTI) to plummet from $180 a barrel to around -$37 a barrel I Which of the two diagrams given below showing a change in the aggregate supply (AS) or aggregate demand (AD) curve best describes the effect of the change in oil prices on the economy? Briefly explain your answer. (2 marks)", "transcribed_text": "", "related_book": { "title": "Using Financial Accounting Information The Alternative to Debits and Credits", "isbn": "978-0-538-4527, 0-538-45274-9, 978-1133161646", "edition": "7th Edition", "authors": "Gary A. Porter, Curtis L. Norton", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/79.jpg", "uri": "\/textbooks\/using-financial-accounting-information-the-alternative-to-debits-and-credits-7th-edition-79", "see_more_uri": "" }, "free_related_book": { "isbn": "1305107128", "uri": "\/textbooks\/guide-to-parallel-operating-systems-with-windows-10-and-linux-3rd-edition-978-1305107120-214377", "name": "Guide To Parallel Operating Systems With Windows 10 And Linux", "edition": "3rd Edition" }, "question_posted": "2024-06-21 06:09:59", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-21", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/use-indefinite-integrals-to-solve-the-following-differential-equations-sketch-q447951", "description": "Use indefinite integrals to solve the following differential equations. 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If a business chooses to lease, it can avoid the adverse environmental effects of new development. On the other...", "stars": 3 }, { "url": "\/study-help\/questions\/what-role-do-employees-play-in-occupational-health-and-safety-3239032", "description": "What role do employees play in occupational health and safety? Question 20 Answer a. Employees are only responsible for reporting unsafe conditions to their supervisors. b. 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