Answer to Question #71517 in Macroeconomics for lenie
Suppose equilibrium GDP is less than full-employment output and the economy is in a recession. What are the appropriate fiscal policies that would take the economy to full employment level? Increase taxes Decrease government spending Lower transfer payments Decrease taxes
if Economy is in recession and equilibrium GDP is below the full employment then objective of Government would be increase GDP and aggregate demand to reach full employment for which appropriate fiscal policies would be 1) increase government spending 2) Decrease taxes 3) increase transfer payment , or government can also use mix of these policies to achieve full employment all above mentioned policies will increase aggregate demand and eventually GDP
I just wanted to let you know that I had a very high grade from my homework which was task #191904, and my final grade stayed at B whic was what I needed. Thank you for your services and happy new year.