kenzie126:
How can government make the economy grow? How can government slow the economy down?
mxddi3:
ok do you know what fiscal policies are?
kenzie126:
kinda
mxddi3:
ok tell me what you know about it
kenzie126:
its used by government of taxes, spending, and changes in entitlements to keep the economy stable by affecting total demand for goods and services
kenzie126:
thats what i have in my notes from class
russianmafiya:
How can government slow the economy down? Governments can use wage and price controls to fight inflation, but that can cause recession and job losses. Governments can also employ a contractionary monetary policy to fight inflation by reducing the money supply within an economy via decreased bond prices and increased interest rates. How can government make the economy grow? A government can try to influence the rate of economic growth through demand-side and supply-side policies, Expansionary fiscal policy – cutting taxes to increase disposable income and encourage spending. However, lower taxes will increase the budget deficit and will lead to higher borrowing.
mxddi3:
yeah so fiscal policy is the use of government revenue collection and expenditure to influence a country's economy. this would include taxes. do you know what they can do with taxes to improve economy?
kenzie126:
no
russianmafiya:
\(\color{#0cbb34}{\text{Originally Posted by}}\) @kenzie126 How can government slow the economy down? Governments can use wage and price controls to fight inflation, but that can cause recession and job losses. Governments can also employ a contractionary monetary policy to fight inflation by reducing the money supply within an economy via decreased bond prices and increased interest rates. How can government make the economy grow? A government can try to influence the rate of economic growth through demand-side and supply-side policies, Expansionary fiscal policy – cutting taxes to increase disposable income and encourage spending. However, lower taxes will increase the budget deficit and will lead to higher borrowing. \(\color{#0cbb34}{\text{End of Quote}}\)
mxddi3:
so,decreasing government spending and keeping taxes the same OR decreasing taxes and keeping pending the same can reduce unemployment. does this make sense?
kenzie126:
What is the Federal Reserve/Fed?
mxddi3:
the central banking system of america
Join our real-time social learning platform and learn together with your friends!
Countless7Echos:
Ah trying out the whole T.V girl drawing :p (I love drawing eyes)
SnowyBreaks:
You ever get the types of dreams where it feels as if you aren't breathing? And w
laylasnii13:
Poem/diary i wrote I Want Out Iu2019m so tired of screaming into walls. Every fight with my mom leaves something broken and itu2019s not just plates or slam
Countless7Echos:
Aye.. I need actually some help on the shading here.. if the light is from above too I just feel something is off.