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During the severe recession of 2008-09 the US government embarked on an aggressive fiscal policy to try and end the downturn Most of the increase in spending would be financed by borrowing the gove?
The full question:During the severe recession of 2008-09 the US government embarked on an aggressive fiscal policy to try and end the downturn. Most of the increase in spending would be financed by borrowing; the government is also cutting taxes for many, but not all, Americans. At the time the policy was formulated many economists were confident that the policy would be effective, while another group was quite convinced that the policy would do little to raise the level of GDP. Discuss under what financing and economic conditions an expansionary fiscal policy could be expected to raise the level of real GDP, and under what conditions the policy would fail. Then state your opinion as to whether or not the US policy will work.
What is contracyclical fiscal policy?
Contracyclical fiscal policy involves government spending and taxation measures that run counter to the current economic cycle. During economic downturns, the government increases spending or cuts taxes to stimulate the economy. Conversely, during economic booms, the government reduces spending or raises taxes to prevent overheating and inflation.
What is an economic condition marked by a drastic decline in production and sales and a severe increase in unemployment?
Depression.
Was the severe rise is in unemployment caused by the Great Depression?
the rise of unemployment was because of the great depression because the owners didn't need workers when the stock market crashed.
Fewer jobs are available and unemployment is rising during an?
Fewer jobs are available and unemployment rise during a recession. If the recession becomes severe or long term it is then termed a depression.
Is it legal to collect unemployment benefits while you are in jail in Ohio?
Unemployment is designed for those ready, willing, and able to work, a status which you clearly do not hold if you are incarcerated. The penalty for lying or misrepresenting yourself to receive unemployment benefits can be severe and is known as benefits fraud - it may include fines and jail time.
Where do you go for help if your unemployment runs out in weeks and your husband also is on unemployment and you have severe trouble paying bills?
You can go to the bank and ask for help and maybe they will refer you. The county Welfare Department and they can offer you food stamps and pay your housing or rent.
Can the policy holder of an insurance claim plea to the 5th amendment and answer no questions if summons to court without severe consequences?
Talk to an attorney.
You live with your boyfriend and had a severe hail storm last thurs that caused severe damage to 2 of your vehicles can you claim this under his home owners he has hail damage coverage on his policy?
NO, Homeowners Insurance would cover hail damage to the home depending on his policy but not to the cars, not his own car or anyone else's car. That's what car Insurance is for.
Can you be rejected for unemployment for being tardy for work?
Being tardy for work alone is unlikely to be a reason for being rejected for unemployment benefits. Generally, unemployment benefits are denied if you were terminated for misconduct or if you voluntarily resigned without good cause. Tardiness may be considered misconduct if it is a repeated and willful disregard of your employer's rules and expectations. However, a single instance of being tardy is unlikely to be considered misconduct severe enough to justify denial of unemployment benefits.
What does fiscal cliff mean?
This refers to the end of the tax cuts enacted during President George HW Bush's administration. Thus, the cliff entails a sharp increase in taxes on all levels and a possible return to the recession levels of 2008. In a layman language we can define Fiscal Cliff as a situation in which a particular set of financial factors cause or threaten sudden and severe economic decline.
Why are there so many Irish emigrants?
Most of the Irish emigrants came because of the civil unrest, the severe unemployment, or the almost inconceivable hardships there were at home. These were the main reasons of why they came to the United States of America.
