Explain, using the AD‐AS model, how the South African Government can use fiscal policy as a tool to recover from the negative effects of this COVID‐19 pandemic. Your answer must include the following: The description of the type of fiscal policy required; (4) An explanation of how the implementation of this tool will work their way through the economy to achieve the desired effect; (6) The AD‐AS graph showing the implications of your recommendations. (5)
Explain, using the AD‐AS model, how the South African Government can use fiscal policy as a tool to recover from the negative effects of this COVID‐19 pandemic. Your answer must include the following: The description of the type of fiscal policy required; (4) An explanation of how the implementation of this tool will work their way through the economy to achieve the desired effect; (6) The AD‐AS graph showing the implications of your recommendations. (5)
Chapter13: Federal Deficits, Surpluses, And The National Debt
Section: Chapter Questions
Problem 20SQ
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Explain, using the AD‐AS model, how the South African Government can use fiscal policy as a tool to recover from the negative effects of this COVID‐19 pandemic. Your answer must include the following: The description of the type of fiscal policy required; (4) An explanation of how the implementation of this tool will work their way through the economy to achieve the desired effect; (6) The AD‐AS graph showing the implications of your recommendations. (5)
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