You are the Top Economic Adviser to the President of the United States. We are in...
You are the Top Economic Adviser to the President of the United States. We are in the second year of a recession what advice are you giving the President regarding Policy actions the President should take to end the recession.
Homework Answers
The president should use expansionary fiscal policy in the market i.e. reduce the taxes in the market and increase the government expenditure in the market and that will shift the aggregate demand curve to the right, this is because the government tax cut will increase the disposable income and increased expenditure will help create a higher demand in the market.
Both this step will be helpful in reducing the recession in the market.
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