Assume the Philippines government adopted fiscal policy measures to reduce the severety of typhoon Haiyan on the economy. Answer the questions below.  Did typhoon Haiyan cause economic expansion or a recession? Explain your answer using at least two economic effects on the Philippines economy. Examine the effects of government expenditure as a fiscal policy measure on the Philippines economy.

Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter21: Fiscal Policy
Section: Chapter Questions
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Assume the Philippines government adopted fiscal policy measures to reduce the severety of typhoon Haiyan on the economy. Answer the questions below. 

  1. Did typhoon Haiyan cause economic expansion or a recession? Explain your answer using at least two economic effects on the Philippines economy.
  2. Examine the effects of government expenditure as a fiscal policy measure on the Philippines economy.
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