Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If I were in charge of the US fiscal policies, I would consider the increment in the government spending and also initiate tax release on

If I were in charge of the US fiscal policies, I would consider the increment in the government spending and also initiate tax release on various products through the tax reduction which would increase the demand for various products thereby increasing the supply in the long run. The increment in government spending would also increase the money supply in the economy which would automatically boost the economy to move from recession to boom. Owing to the current economic conditions the increment of government expenditure plus the reduction of tax on various products would really help to restructure the US fiscal policy status which would help revert the economy at large

What kinds of products would this affect? What genre/type of product would this be most effective on?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Great Convergence Information Technology And The New Globalization

Authors: Richard Baldwin

1st Edition

067466048X, 9780674660489

More Books

Students also viewed these Economics questions

Question

1. Critically discuss treatment approaches for violent offenders.

Answered: 1 week ago

Question

Calculate the cost per hire for each recruitment source.

Answered: 1 week ago

Question

What might be some advantages of using mobile recruiting?

Answered: 1 week ago

Question

What external methods of recruitment are available?

Answered: 1 week ago