9.Fiscal policy can be called on to correct conditions of recession and inflation. a.List and explain the 3 tools of Fiscal Policy that would be appropriate for addressing recession and explain in detail how each would ultimately impact aggregate demand and equilibrium GDP. Be specific! Please consider transfer payments as part of government spending. You would want to list and explain the 3 tools and how each (step by step) would affect AD and equilibrium gdp. b. List the 3 tools of Fiscal Policy that would be appropriate for addressing inflation and explain in detail how each would ultimately impact aggregate demand and equilibrium GDP. Be specific! You would want to list and explain the 3 tools and how each (step by step) would affect AD and equilibrium gdp.
9.Fiscal policy can be called on to correct conditions of recession and inflation.
a.List and explain the 3 tools of Fiscal Policy that would be appropriate for addressing recession and explain in detail how each would ultimately impact aggregate demand and equilibrium GDP. Be specific! Please consider transfer payments as part of government spending. You would want to list and explain the 3 tools and how each (step by step) would affect AD and equilibrium gdp.
b. List the 3 tools of Fiscal Policy that would be appropriate for addressing inflation and explain in detail how each would ultimately impact aggregate demand and equilibrium GDP. Be specific! You would want to list and explain the 3 tools and how each (step by step) would affect AD and equilibrium gdp.
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