please answer the following question: 1. Expansionary policies are government policies that: A) Increase Aggregate Demand B) Decrease Aggregate Demand C) Decrease Aggregate Supply
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please answer the following question:
1. Expansionary policies are government policies that:
A) Increase Aggregate Demand
B) Decrease Aggregate Demand
C) Decrease
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- Suppose, OPEC decides to cut down oil production, causing oil price to go up. a. Explain with the help of an aggregate demand and aggregate supply diagram how price level and potential level of output changes if the government does not take any policy initiatives. b. Now, suppose the government takes policy actions to bring the economy back to its potential level of output. Recommend what possible policies the government can take and explain with the help of a diagram how this will affect your answer in part a.Why does a balanced budget increase in spending and taxes increase aggregate demand?How would an increase in income tax influence the aggregate demand and theaggregate supply in the economy? Use examples to illustrate your answer.
- Which economic policies affect a government's budget and include the increase or decrease the money supply?Question 2 a. Explain why aggregate demand curve is downward sloping? b. What is the difference between monetary and fiscal policy?Refer to the setup of 2 questions ago. An increase in government spending would Group of answer choices A) cause a recession. B) increase real GDP in the long run, but not the short run. C) cause inflation in the short run. D) not increase real GDP in the short or long run because there would be complete crowding out. E) increase real GDP in the short run, but not the long run.
- This course is designed to provide an understanding of market economies and the fluctuations they are subject to. With this in mind, please answer the questions that follow. a) Assume the economy is in a recession. Discuss how the government could implement fiscal policy to deal with the recession and the steps by which fiscal policy moves the economy out of the recession b) Why is the shape of the aggregate supply curve important in understanding the impact of monetary and fiscal policy?Economists at which of the following government offices help formulate spending plans and regulatory policies? Office of Management and Budget Congressional Budget Office Department of the Treasury The Federal ReserveThis course is designed to provide an understanding of market economies and the fluctuations they are subject to. With this in mind, please answer the questions that follow. a) Assume the economy is in a recession. Discuss how the government could implement fiscal policy to deal with the recession and the steps by which fiscal policy moves the economy out of the recession (Explain fully). b) Explain how expansionary fiscal policy in the U.S. would affect the economies of other countries.
- Right now many economies in the world are experiencing a downturn due to the Corona Virus.a) What kind of fiscal policy can governments use to address the decline? b) What actions will be taken by the government in implementing the fiscal policy that you described in part a? c) What will be the effect on Aggregate Demand (if any) as a result of the actions taken in part b?d) What will be the effect on Aggregate Supply (if any) as a result of the actions taken in part b?Fiscal and Monetary Policy Assignment When the economy gets into serious problems, the government has two policies that offer the potential to get us back to equilibrium. Fiscal Policy works through government spending and taxes, while Monetary Policy works through the money supply. Read each scenario below and decide what the correct fiscal and monetary policy would be to correct the issue. 1. You read the following information on the economy. The economy has fallen into a recession. Use this information to do three things below: A. Draw an AS & AD graph that fits the details above. B. What is the corrective fiscal policy in this case?Automatic stabilizers: A) counteract both recessions and expansions through changes in spending without government action. B) are government programs to employ workers during recessions. C) create government budget surpluses during economic recessions. D) are designed to reduce the price level directly.