Describe the three fiscal policy tools at the government's disposal and how they stimulate or contract the
No answer yet for this question.
Ask a Tutor
Question:
- Describe the three fiscal policy tools at the government's disposal and how they stimulate or contract the economy (Government Purchase "G", Taxation, and Transfer Payments).
- Then, find an example of a current fiscal policy tool that you experience in your life from the current news. Describe the policy tool (e.g. what is it's intent?).
- Explain how it impacts your life.
- Explain how it impacts the macro-economy. Use as many economic principles and the AD/AS or the expenditure function model to illustrate the impacts. Include a graph.
Expert Answer:
Posted Date:
