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Could the expansionary fiscal policy adopted by the U.S. government lead to economic recovery from the Covid-19 shutdown?
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- If expansionary fiscal policy is used following a supply shock such as the one experienced during the Covid-19 pandemic, the expansionary fiscal policy will result in real GDP ________ and the price level ________. decreasing; increasing increasing; decreasing increasing; increasing decreasing; decreasinExplain how the fiscal policy tools used by the federal government should work in terms of fighting a recession such as that brought about by the COVID-19 pandemic. Then explain why fiscal policy may have proven less effective in the face of this pandemic than in previous recessions.Discuss the impacts of fiscal policy in Fiji during covid-19.
- On this graph show and explain the impact of the fiscal packages policy implemented in Trinidad and Tobago due to COVID-19Suppose the economy is in equilibrium at point B which is below the full-employment output of point D. If the government implements fiscal policy targeted at moving real GDP back to point D, but crowding out significantly reduces the effectiveness of the fiscal policy, the equilibrium point will likely end up closer to point Multiple Choice A B C DIf the government were to implement a fiscal policy during a case of recession, all of these proposal are in line with the goal of fighting recession EXCEPT lowering income tax increasing government spending and lowering income tax increasing both government spending and income tax increasing government spending When there is a problem of a delay in terms of implementation of the fiscal policy, that would be categorized as _____. execution lag information lag decision lag
- Explain , using the AD - AS model , government can use fiscal policy as a tool to recover from the negative effects of this COVID - 19 pandemic. Should include the folllowing : -The description of the type of fiscal policy required - Explaination on how the implementation of this tool will work their way through the economy to achieve the desired effectExplain your decision making regarding government expenditure and how it changed based on the macroeconomic conditions. What was the intent of your fiscal policy decisions in response to the given economic climate? Evaluate your fiscal policy decisions, including how they impacted key macroeconomics factors such as real GDP growth and unemployment. To what extent did your policies yield positive or negative outcomes? Refer to the AD/AS model to support your analysis in this section of your report.Do you notice any crowding out effect when government implemented aggressive expansionary fiscal policy targeting Covid 19 last year?