What are some reasons that the economy might be in a recession, and what is the appropriate government action to alleviate the recession?

Q: Y = C + I even when the economy is not in equilibrium.  t or f

A: An economy is said to be a closed economy if it does not trade with other countries. In such an…

Q: Can governments use expansionary fiscal policy or expansionary monetary to effectively fight…

A: Answer: The use of fiscal policy and monetary policy is an effective tool to control the…

Q: What policy might the federal government implement with regard to taxes and spending to help stop…

A: Fiscal policy refers to the changes in the federal government purchases and taxes, which are…

Q: What went wrong with the U.S. economy in 2008?

A: The history of the economic facts of several economies has been outstanding and hilarious at the…

Q: How does minimizing business or personal debt help prevent bankruptcies in a recession?

A: Business and personal debt refers to the borrowing by the people to do business or personal…

Q: Why is a slow growing economy a problem during a recession?

A: To find : Why is slow economy a problem during recession.

Q: Which of the factors below will NOT be a feature of economic recessions? Higher unemployment Low…

A: Answer: Correct option: C (Low government spending) Explanation: A recession refers to the period…

Q: Analyze fiscal policy in order the generate macroeconomic stability. Which kind of economic measures…

A: Introduction The Govt budget, and the nation's reducing poverty efforts, should be funded in a…

Q: What are inflationary and recessionary gaps in the economy? How do they impact the economy?

A: Deflation is defined as a drop in the overall price level of all products and services in a specific…

Q: D

A: When a country’s real GDP is lower than the full employment GDP is the situation of recessionary gap…

Q: The decline in real GDP from $1,000 billion to $500 billion    considered a recession

A: Recession is the macroeconomic term which represents the contraction in the business cycle of the…

Q: Y=C t /even when the economy is not in equilibrium

A:

Q: An economist who believes the economy is self-regulating is more likely to advocate laissez-faire…

A: There are two schools of thought- (a) Classical School of Thought and (b) Keynesian School of…

Q: What impact does full employment have on the economy?

A: When all the labor resources in an economy are utilized in an optimum manner or in the most…

Q: What is the primary component(s) of GDP that Fiscal Policy is trying to effect?

A: Fiscal Policy refers to the change in government spending or taxes in order to promote economic…

Q: Why does the budget require a forecast of the economy? Under what circumstances would actual…

A: A budget is a financial document or the financial plan of an economy which includes the planned…

Q: Define the term economic recession?

A: Economic recession is common in capitalist economy. It is an important part of ‘Economic trade…

Q: What caused the Great Recession of 2008 in the United States?

A: The great recession of 2008 in the United States is classified as the worst financial crisis as many…

Q: if the economy is in a recession, who is at fault?

A: Recession refers to the situation of lower economic activity. During recession, economic activities…

Q: to stimulate the economy. During a recession, the government can engage in

A: A period of temporary economic decline during which trade and all the economic activities are…

Q: What were the causes and consequences of the Great Recession?

A: The great depression as the name itself suggest is one of the greatest event in the history. It…

Q: What was the lengthiest recession in France?

A: A recession is a period of continuously falling gross domestic product. A recession is detrimental…

Q: or I fall more?

A: A recession refers to a significant decline in general level of economic activity being in a…

Q: Typically, when will the National Bureau of Economic Research​ (NBER) announce that the economy is…

A: Recession is a situation in the economy when there is a general decline in economic activity. For…

Q: The housing market has weakened during every recession except which of the following?   a. The…

A: We have to find The housing market has weakened during every recession except which of the…

Q: what might explain the differences seen in the role of consumption and investment during the…

A: Role of Consumption and investment is very important whether it is recovery or recessionary phase of…

Q: Which type of policy – fiscal or monetary - do you feel was most impactful 2020? Why?

A: We show that Both monetary ànd fiscal policies are growing naturally as they will focus on…

Q: In 2010 the Greek government had to inform the European Commission on how it would control its…

A: Government budget deficit, refers to the condition when government spending exceeds government…

Q: Do you think there is a predictable relationship between the business cycle and aggregate investment…

A: The fluctuation in the economic activity is tracked by the business cycle. In an economy, the fall…

Q: What happens to each sector of the economy when recession occurs?

A: The recession can be defined as a phase in the business cycle which characterised by a general…

Q: The government decides that it will cut taxes in an attempt to move the economy out of a severe…

A: Answer TRUE statements

Q: people tend to spend more money when the economy experience a

A: The overall condition of the economy as it progresses through four stages in a cyclical manner is…

Q: Is there a personal responsibility to intervene and assist in a recession? Should Christians step up…

A: Well technically christians cannot do much in recession.It is the responsibility of the government…

Q: Even during a financial recession, consumers tend to increase spending in _______

A: A downturn is a time of declining monetary and economic performance across a whole economy that can…

Q: If taxes are reduced , will most people save more or less than before ? Does national saving rise or…

A: The aggregate spending behaviors of families and public and private substances can swiftly influence…