Fiscal policies as instruments to promote economic growth In the face of unstable economic growth due to
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Fiscal policies as instruments to promote economic growth
In the face of unstable economic growth due to a recession or accelerating inflation, potential problems with large public debt include higher income inequality, reduced economic incentives, and crowding out of private investment.
- It explains in detail fiscal policy, its function and its effects on short and long-term economic fluctuations (uses the aggregate demand and supply model presented in the course).
- Explain each of the tools that exist in expansionary fiscal policy and contractionary fiscal policy.
- It expresses in detail the effects of expansionary and contractionary fiscal policy on income and the price level.
- Using the premise presented as a basis, he argues about the intervention of fiscal policy as an instrument to promote growth, sustainability and economic stability in a country. (Provide a detailed example).
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