1. Implementing the Economic Stimulus Program
There are two main ways through which this is achieved: it includes the implantation of the expansionary fiscal policy and the expansionary monetary policy (Jasson, 2005; Ferran et al., 2012). The expansionary fiscal plans basically involve the introduction of changes in the spending and/or taxation with the aim of influencing the aggregate demand: tax cuts in terms of income taxes for instance boost that disposable income of individuals, prompting them to spend more. ... On the other hand, monetary policy involves the cutting down of interest rates in the aim of increasing consumer expenditu...
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- Grade Level: Undergraduate