A political commentator argues: "Congress and the President are more likely to enact an expansionary fiscal policy than a contractionary fiscal policy because expansionary policies are popular and contractionary policies are unpopular". Explain whether you agree or disagree. Please use your words.

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Raushan RajLv8

28 Sep 2019

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Monetary and fiscal policy are government attempts to smooth the business cycle, especially the use of expansionary policies to return to GDP growth from a recession. The goals are relatively short-term, not more than 5 years. Long-term growth, however, is arguably more important.

a) Should the national government ensure income equality through taxation and wealth redistribution?

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Develop a response that includes examples and evidence to support your ideas, and which clearly communicates the required message to your audience. Organize your response in a clear and logical manner as appropriate for the genre of writing. Use well-structured sentences, audience-appropriate language, and correct conventions of standard American English.

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6. Suppose we are given the following information about the economy.
Y = $12,000 billion
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b.Suppose that the President is determined to have a full-employment output. Assume also that Congress prefers to use changes in taxes as its fiscal policy tool. What is the specific change in taxes that Congress should impose on the public to accomplish the President's swish? Be very specific providing both the exact dollar amount including whether this change in taxes should be positive (i.e. an increase) or negative (i.e. a decrease).

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A political commentator argues: "Congress and the President are more likely to enact an expansionary fiscal policy than a contractionary fiscal policy because expansionary policies are popular and contractionary policies are unpopular". Explain whether you agree or disagree. Please use your words.

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