The text describes several fiscal policy options to stabilize the economy: Changes in Government Purchases, Business Taxes,
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Question:
The text describes several fiscal policy options to stabilize the economy: Changes in Government Purchases, Business Taxes, Income Taxes, and Transfer Payments. The country you are living in currently needs economic stimulus. Describe how each policy option could specifically be used to change the national economy. Example: Country Z needs economic stimulus. The government could lower the business tax on buying new equipment. This would stimulate the economy because firms would have more money to invest which, in turn, increases demand in the equipment supply sector.
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