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In our study of fiscal policy we In week 5 we learned about the factors that impact long run economic growth. How might Fiscal Policy
In our study of fiscal policy we In week 5 we learned about the factors that impact long run economic growth. How might Fiscal Policy impact these factors, and thus long run economic growth?saw that some government spending is aimed at impacting aggregate demand to achieve increased output. There are also other reasons for government spending, such as the provision of public goods, to increase the provision of goods that provide positive externalities, and to redistribute income. For each of the following STATE WHICH of these categories the government spending falls into, along with briefly explaining why (for example you might say it is a public good, and then explain why it is a public good.) a. Social Security payments b. Expenditures on public health c. Expenditures on police and public safety
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