Due to the covid-19 pandemic, the US economy entered a downturn that would eventually lead to recession....

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Economics

Dueto the covid-19 pandemic, the US economy entered a downturn thatwould eventually lead to recession. Explain how Fiscal policyshould be used to help the economy. Who do you think is mostaffected economically by this pandemic, consumers or producers?Explain your rationale.

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Expansionary fiscal policy is used to pull out the economy from recession This is done in two ways A decrease in personal income tax will increase disposable income which will increase See Answer

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Due to the covid-19 pandemic, the US economy entered a downturn that would eventually lead to recession....

90.2K

Verified Solution

Question

Economics

Dueto the covid-19 pandemic, the US economy entered a downturn thatwould eventually lead to recession. Explain how Fiscal policyshould be used to help the economy. Who do you think is mostaffected economically by this pandemic, consumers or producers?Explain your rationale.

Answer & Explanation Solved by verified expert

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