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Macroeconomics 12th Edition by Michael Parkin
Edition 12ISBN: 978-0133872279Macroeconomics 12th Edition by Michael Parkin
Edition 12ISBN: 978-0133872279 Exercise 7
The economy is in a recession, and the recessionary gap is large.
a. Describe the discretionary and automatic fiscal policy actions that might occur.
b. Describe a discretionary fiscal stimulus package that could be used that would not bring an increase in the budget deficit.
c. Explain the risks of discretionary fiscal policy in this situation.
a. Describe the discretionary and automatic fiscal policy actions that might occur.
b. Describe a discretionary fiscal stimulus package that could be used that would not bring an increase in the budget deficit.
c. Explain the risks of discretionary fiscal policy in this situation.
Explanation
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Verified
(a) Whether automatic or discretionary, ...
Macroeconomics 12th Edition by Michael Parkin
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