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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Under what general macroeconomic circumstances might a government use expansionary fiscal policy? When might it use contractionary fiscal policy?

To determine

The scenarios in which the expansionary fiscal policy and contradictory fiscal policy will might be used by government are to be explained.

Explanation

The situation in which government wants to increase the aggregate demand in the economy like at the time of recession, it uses the expansionary fiscal policy as by this they increases their spending and decreases the tax which leads to increase in the aggregate demand...

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