An expansionary fiscal policy would help stabilize the country’s economy. The government has an insufficient amount of money circulating in its economy. An expansionary fiscal policy will facilitate an increase in the amount of money circulating in the economy, addressing the scarcity of funds experienced in the hypothetical country’s economy, thereby stabilizing the economy.
The economy of a hypothetical country has been stable for two or three years with very low unemployment. Wages have been gradually increasing during this time. Now an aggressive policy of increasing tariffs on foreign goods imported into the country results in retaliatory actions from the other countries against the hypothetical country’s products and services. This causes a great loss of business in the hypothetical country and results in significant unemployment. What kind of fiscal policy might be helpful to stabilize the economy (expansionary or contractionary)?
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Academic.Tips. (2022) 'The economy of a hypothetical country has been stable for two or three years with very low unemployment. Wages have been gradually increasing during this time. Now an aggressive policy of increasing tariffs on foreign goods imported into the country results in retaliatory actions from the other countries against the hypothetical country's products and services. This causes a great loss of business in the hypothetical country and results in significant unemployment. What kind of fiscal policy might be helpful to stabilize the economy (expansionary or contractionary)'. 3 November.
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Academic.Tips. (2022, November 3). The economy of a hypothetical country has been stable for two or three years with very low unemployment. Wages have been gradually increasing during this time. Now an aggressive policy of increasing tariffs on foreign goods imported into the country results in retaliatory actions from the other countries against the hypothetical country's products and services. This causes a great loss of business in the hypothetical country and results in significant unemployment. What kind of fiscal policy might be helpful to stabilize the economy (expansionary or contractionary)? https://academic.tips/question/the-economy-of-a-hypothetical-country-has-been-stable-for-two-or-three-years-with-very-low-unemployment-wages-have-been-gradually-increasing-during-this-time-now-an-aggressive-policy-of-increasing-t-4/
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Academic.Tips. 2022. "The economy of a hypothetical country has been stable for two or three years with very low unemployment. Wages have been gradually increasing during this time. Now an aggressive policy of increasing tariffs on foreign goods imported into the country results in retaliatory actions from the other countries against the hypothetical country's products and services. This causes a great loss of business in the hypothetical country and results in significant unemployment. What kind of fiscal policy might be helpful to stabilize the economy (expansionary or contractionary)?" November 3, 2022. https://academic.tips/question/the-economy-of-a-hypothetical-country-has-been-stable-for-two-or-three-years-with-very-low-unemployment-wages-have-been-gradually-increasing-during-this-time-now-an-aggressive-policy-of-increasing-t-4/.
1. Academic.Tips. "The economy of a hypothetical country has been stable for two or three years with very low unemployment. Wages have been gradually increasing during this time. Now an aggressive policy of increasing tariffs on foreign goods imported into the country results in retaliatory actions from the other countries against the hypothetical country's products and services. This causes a great loss of business in the hypothetical country and results in significant unemployment. What kind of fiscal policy might be helpful to stabilize the economy (expansionary or contractionary)?" November 3, 2022. https://academic.tips/question/the-economy-of-a-hypothetical-country-has-been-stable-for-two-or-three-years-with-very-low-unemployment-wages-have-been-gradually-increasing-during-this-time-now-an-aggressive-policy-of-increasing-t-4/.
Bibliography
Academic.Tips. "The economy of a hypothetical country has been stable for two or three years with very low unemployment. Wages have been gradually increasing during this time. Now an aggressive policy of increasing tariffs on foreign goods imported into the country results in retaliatory actions from the other countries against the hypothetical country's products and services. This causes a great loss of business in the hypothetical country and results in significant unemployment. What kind of fiscal policy might be helpful to stabilize the economy (expansionary or contractionary)?" November 3, 2022. https://academic.tips/question/the-economy-of-a-hypothetical-country-has-been-stable-for-two-or-three-years-with-very-low-unemployment-wages-have-been-gradually-increasing-during-this-time-now-an-aggressive-policy-of-increasing-t-4/.
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"The economy of a hypothetical country has been stable for two or three years with very low unemployment. Wages have been gradually increasing during this time. Now an aggressive policy of increasing tariffs on foreign goods imported into the country results in retaliatory actions from the other countries against the hypothetical country's products and services. This causes a great loss of business in the hypothetical country and results in significant unemployment. What kind of fiscal policy might be helpful to stabilize the economy (expansionary or contractionary)?" Academic.Tips, 3 Nov. 2022, academic.tips/question/the-economy-of-a-hypothetical-country-has-been-stable-for-two-or-three-years-with-very-low-unemployment-wages-have-been-gradually-increasing-during-this-time-now-an-aggressive-policy-of-increasing-t-4/.
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