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Let's dive into the data! Take a look at the historical trends of government spending and tax rates in your country. Do you notice any
Let's dive into the data! Take a look at the historical trends of government spending and tax rates in your country. Do you notice any patterns or correlations between fiscal policy decisions and macroeconomic indicators like GDP growth, unemployment rates, or inflation? Discuss the potential cause-and-effect relationships and their implications. Imagine you are an economic advisor to the government during a severe recession. What specific measures would you propose in terms of government spending, taxes, and transfer payments? Then explain the benefits and purpose of this policy. How do they aim to stimulate economic growth, and reduce unemployment? Are there any potential risks or trade-offs associated with these policy choices
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