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How did a decade of Republican government affect the economy?
A decade of republican government put the economy in debt. During Reagan's time the money was spend on defense spending.
How does Keynesian Economics affect today's nation?
The theory that government spending should increase during business slumps and be curbed during booms.
How does the government typically change fiscal policy to try to improve the U.S. economy during a recession?
increasing federal spending
Which terms means the amount by which government revenues are more than government spending during a specific period?
It is nothing but a surplus state of economy in the country which is being the desired state in the minds of classical economists.
What actions would a modern Keynesian economist advocate to cure a recessionary gap?
a Keynesian would argue that the essence to solve recession lies with demand management. When an economy is experiencing a boom (inflationary gap), government should tax people, reduce spending ...etc... to soak up the demand. When an economy is experiencing a bust (recessionary gap), government should decrease tax and increase government spending (using money they gained during the boom) to increase the demand of an economy.
How did a decade of Republican government affect the economy?
A decade of republican government put the economy in debt. During Reagan's time the money was spend on defense spending.
What was the pump priming during Roosevelt?
Using government spending to increase purchasing power and stimulate the economy during the Great Depression.
Who originally proposed the use of government spending to stimulate the economy in the 1930's during the Great Depression?
John Maynard Keynes
How does Keynesian Economics affect today's nation?
The theory that government spending should increase during business slumps and be curbed during booms.
How does the government typically change fiscal policy to try to improve the U.S. economy during a recession?
increasing federal spending
Which fiscal policy strategy would the federal government most likely use to stablize the economy?
The fiscal policy strategy that the Federal government would most likely use to stabilize the economy during times of inflation is to raise taxes. However, they could also decrease government spending.
What should have the government have done to to help the economy during an economic downfall?
Nothing, the economy is cyclical. It goes up and down naturally. By spending a ton of money on "Stimulus" Packages to "fix" the economy they increased the national debt and decreased the overall well being on the US economy.
How did government spending during the Civil War compare to that during previous years?
During the Civil War government spending tripled compared to previous years. The United States government was forced to take a loan from France.
Which terms means the amount by which government revenues are more than government spending during a specific period?
It is nothing but a surplus state of economy in the country which is being the desired state in the minds of classical economists.
What actions would a modern Keynesian economist advocate to cure a recessionary gap?
a Keynesian would argue that the essence to solve recession lies with demand management. When an economy is experiencing a boom (inflationary gap), government should tax people, reduce spending ...etc... to soak up the demand. When an economy is experiencing a bust (recessionary gap), government should decrease tax and increase government spending (using money they gained during the boom) to increase the demand of an economy.
How do you use the word stimulus in a sentence?
The government introduced a new stimulus package to boost the economy during the pandemic.
HOW Does the government typically change fiscal policy to try to improve the us economy during a recession?
Normally in a recession the government would want to raise the equilibrium level of income. This can be done in one of two ways: by increasing government spending or by decreasing taxes.
