Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter15: Macroeconomic Policy, Economic Stability, And The Federal Debt
Section: Chapter Questions
Problem 8CQ
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Question
how does the fiscal policy handle the major
Expert Solution
Step 1
The failure of unemployment has been a major issue of concern regarding the macroeconomic conditions of the economy. To handle this fiscal policy is enacted by the government which helps in decreasing the unemployment situation in the economy. It is done through:
- Lowering of taxations
- Providing more subsidies, grants, etc.
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