0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What happens to government expenses in a recession?
increase
Explain why tax revenue changes when the economy goes into a recession?
Tax revenue changes when the economy goes into a recession. When there is a recession, the government increases tax revenue. The government does this because less people are spending money.
What is it called when the government gives out money to end the recession?
Stimulus
If the country is in a recession what will the government do to the interest rates to stimulate the economy?
lower
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.
What happens to government expenses in a recession?
increase
Explain why tax revenue changes when the economy goes into a recession?
Tax revenue changes when the economy goes into a recession. When there is a recession, the government increases tax revenue. The government does this because less people are spending money.
During a recession the government raises unemployment benefits by 100 million.?
During a recession the government raises unemployment benefits by 100 million and the GDP does not go up.
What is it called when the government gives out money to end the recession?
Stimulus
In a recession what does the fiscal policy call the government to do?
decrease income tax
If the country is in a recession what will the government do to the interest rates to stimulate the economy?
lower
What disaster was reversed by government spending on public works?
Roosevelt Recession
Characteristics of an economic recession?
There are many areas which have undergone an economic recession. The four main characteristics of a recession are reduced value of assets, increased unemployment, an increase of government borrowing, and lower standards of living.
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.
What did Paul Keating's government believe in?
Unbelievably high interest rates. "The recession we had to have"...
Which of the following situations could cause a budget deficit for the federal government?
there is a recession
What are some similarities between market and mixed?
market economies use price mechanism to sove the prolems of economic choce .mixed economies also do the same facilitated by government interventions .
