Figure 1 : Federal Fiscal Policy in the United States, 2001-2017 https://fred.stlouisfed.org/graph/?g=BJUe Discuss: a.Recall that the shaded

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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?

Posted Date: Jun 18, 2024 02:03 PM

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Figure 1 : Federal Fiscal Policy in the United States, 2001-2017 https://fred.stlouisfed.org/graph/?g=BJUe Discuss: a.Recall that the shaded

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