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Inflation rates in the US have recently been at their highest level in decades. Imagine your local Congressman came to you for advice. If lower inflation is her only goal, what is a specific Fiscal Policy that you would recommend? Note: you must be specific name the fiscal policy tool that you would use and how you would change it (increase or decrease or raise or lower or buy or sell - whatever is relevant to the tool you're talking about). It's not enough to say "expansionary fiscal policy" or "contractionary fiscal policy." Feel free to review the sections of the text on expansionary and contractionary.fiscal policy to review the specific types of policies that fiscal policy includes.

Inflation rates in the US have recently been at their highest level in decades. Imagine your local Congressman came to you for advice. If lower inflation is her only goal, what is a specific Fiscal Policy that you would recommend? Note: you must be specific name the fiscal policy tool that you would use and how you would change it (increase or decrease or raise or lower or buy or sell - whatever is relevant to the tool you're talking about). It's not enough to say "expansionary fiscal policy" or "contractionary fiscal policy." Feel free to review the sections of the text on expansionary and contractionary.fiscal policy to review the specific types of policies that fiscal policy includes.

Economics: Private and Public Choice (MindTap Course List)
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter12: Fiscal Policy, Incentives, And Secondary Effects
Section: Chapter Questions
Problem 1CQ
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Inflation rates in the US have recently been at their highest level in decades. Imagine your local Congressman came to you for advice. If lower inflation is her only goal, what is a specific Fiscal Policy that you would recommend? Note: you must be specific - name the fiscal policy tool that you would use and how you would change it (increase or decrease or raise or lower or buy or sell - whatever is relevant to the tool you're talking about). It's not enough to say "expansionary fiscal policy" or "contractionary fiscal policy." Feel free to review the sections of the text on expansionary and contractionary.fiscal policy to review the specific types of policies that fiscal policy includes.
Transcribed Image Text:Inflation rates in the US have recently been at their highest level in decades. Imagine your local Congressman came to you for advice. If lower inflation is her only goal, what is a specific Fiscal Policy that you would recommend? Note: you must be specific - name the fiscal policy tool that you would use and how you would change it (increase or decrease or raise or lower or buy or sell - whatever is relevant to the tool you're talking about). It's not enough to say "expansionary fiscal policy" or "contractionary fiscal policy." Feel free to review the sections of the text on expansionary and contractionary.fiscal policy to review the specific types of policies that fiscal policy includes.
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