Question
Figure 1 : Federal Fiscal Policy in the United States, 2001-2017 https://fred.stlouisfed.org/graph/?g=BJUe Discuss: a.Recall that the shaded areas in the FRED graph indicate recessions. How
Figure 1: Federal Fiscal Policy in the United States, 2001-2017
https://fred.stlouisfed.org/graph/?g=BJUe
Discuss:
a.Recall that the shaded areas in the FRED graph indicate recessions. How did current receipts (from taxation) change during the 2008-2009 recession? How did current expenditures change during the 2008-2009 recession?
b.What is the purpose of decreasing government receipts (from taxation) during a recession?
c.What is the purpose of increasing government expenditures during a recession?
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Principles of Macroeconomics
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster
12th edition
134078802, 978-0134078809
