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Question 6 (7 Marks) Assume the Philippines government adopted fiscal policy measures to reduce the severety of typhoon Haiyan on the economy. Answer the questions
Question 6 (7 Marks) Assume the Philippines government adopted fiscal policy measures to reduce the severety of typhoon Haiyan on the economy. Answer the questions below. a) Did typhoon Haiyan cause economic expansion or a recession? Explain your answer using at least two economic effects on the Philippines economy. (2 Marks) ANSWER a): b) Examine the effects of government expenditure as a fiscal policy measure on the Philippines economy. (5 Marks) ANSWER b)
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