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How does the government typically change fiscal policy to try to improve the U.S. economy during a recessionAsk us anything?
Wiki User
∙ 7y ago
By Lowering taxes on businesses and individual.
(Apex 8.1.2 Exam) Semester Exam.
Joshua Donez
Braydon Gross
Wiki User
∙ 7y agoby increasing taxes on businesses and individuals
Joshua Donez
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Which is true of the government in a centrally planned economy?
The government places much emphasis on the production of consumer products.
How are command economy decisions made?
Typically, one person or a small group of people in the government would make the decisions.
What is an economic system controlled by government?
Communist systems are typically ones in which the government has almost total control over the economy. Socialistic systems exert some governmental control. Pretty much every economy in the world is somewhat socialistic, however.
What is an economy controlled by the government?
An economy controlled by the government is called a centrally planned economy. It can also be referred to as a command economy.
How is the government involved in a planned economy?
In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.
Which is true of the government in a centrally planned economy?
The government places much emphasis on the production of consumer products.
What is the laissez- fire?
In a truly Laissez-fire economy, the government does not do anything related to the economy. There are probably no truly laissez-fire economies in the world.
What is the Laissez-fire policy?
In a truly Laissez-fire economy, the government does not do anything related to the economy. There are probably no truly laissez-fire economies in the world.
How are command economy decisions made?
Typically, one person or a small group of people in the government would make the decisions.
What is econony?
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
What is Vietnams econony?
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
What is an economic system controlled by government?
Communist systems are typically ones in which the government has almost total control over the economy. Socialistic systems exert some governmental control. Pretty much every economy in the world is somewhat socialistic, however.
What is an economy controlled by the government?
An economy controlled by the government is called a centrally planned economy. It can also be referred to as a command economy.
How is the government involved in a planned economy?
In a centrally planned economy, the government is completely in charge of the economy. There is no reward for individual hard work. The government tells everyone what to do.
Is it a free market economy or a government controlled economy in haiti?
It is a controlled by the government
Is US a traditional command or mixed economy?
Actually the United States is a Market Economy. Some people also call it free enterprise or a capitalism. The US could also be a mixed economy because the government also owns some things like railroads and some businesses but it is more of a Market Economy. This is where you make choices on what you want to make, how much you want it to cost, you are free to do anything without little government interference. A traditional economy is quite old now, this is where you trade or barter than actually paying anything. A command economy is where the government tells you what to make, how much it will cost, and you have to deal with the government more. A mixed economy is where there is a mixture of economic systems. To make it more plainer - The US could be either a Market or Mixed Economy but is more of a Market Economy!! Hopes this helps :D
How will a decrease in government spending effect a static economy?
I don't think there is a static economy. The economy is dyanmic. Things can always change. If the government uses up less resources there would me more for the private sector to use. Government doesn't produce anything. It can only take it from one person and then give it to another person after the cost of all the red tape.
