1. How is a recession defined? Is the U.S. currently in a recession? Explain.
2. Assume you are an advisor to President Obama. What fiscal policies would you put in place?
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1. How is a recession defined? Is the U.S. currently in a recession? Explain.
There are some different views of what makes up a recession. Some say it is two or more economic quarters of a downward moving GDP or Gross Domestic Product. The quarters need to be in a row. Others and many say it involves what NBER defines as "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales."
... Note: Either Expansionary or contractionary fiscal policies must not be ... When the economy shows signs of recession, expansionary policies have to ...
What monetary and fiscal policies might be prescribed for an economy in a deep recession? ...Fiscal policy refers to nation's policy relating to the ...
... its citizen's by intervening directly in the economy by policies that will ...Fiscal Policy. ... from http://www.investopedia.com/ask/answers/08/cause-of-recession.asp ...
... demand and pushes the economy out of a recession. ... 2.) What fiscal policy tools are available to combat inflation within ... the exact opposite of the policies above ...
... interpret that US is not in recession but rather in ... html http://www.nber.org/cycles/ recessions.html http ... What fiscal policy tools could be used to stimulate the ...
... What are the benefits and shortcomings of these policies? During a recession, national income declines due to lack of spending. Fiscal policy affects output ...
