Answer Bank lowers unemployment and increases inflation encourage human and capital development reduce regulations on businesses The goal is to lower inflation and increase unemployment. The goal is to lower unemployment and prices. government spends money on anything

Answer Bank lowers unemployment and increases inflation encourage human and capital development reduce regulations on businesses The goal is to lower inflation and increase unemployment. The goal is to lower unemployment and prices. government spends money on anything

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment

Section: Chapter Questions

Problem 8QP

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Concept explainers

Fiscal Policy and Money Market

Fiscal policy is one of the important tools that is used by the government to control inflation or aggregate demand in the economy. Under this policy, there are two rules which are used by the government, one is the expenditure of the government and the other is the taxation or income of the government which it collects from the public.

Question

Classify each statement based on the type of fiscal policy to which it refers.

answer bank in image

Expansionary fiscal policy

Supply‑side fiscal policy

Contractionary fiscal policy

Answer Bank
lowers unemployment and increases inflation
encourage human and capital development
reduce regulations on businesses
The goal is to lower inflation and increase unemployment.
The goal is to lower unemployment and prices.
government spends money on anything

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