Fiscal Policy Implementation
Not what you're looking for?
What kind of fiscal policy did the Congress enacted during the after effects of Hurricane Katrina? What kind of policy are they working on now?
Purchase this Solution
Solution Summary
This solution is a brief discussion on the fiscal policies that were implemented during the after effects of Katrina and whether those are still in existence now.
Solution Preview
Bravelle (2005) in his report to Congress specified these fiscal stimuli on Katrina:
1. The most effective way to stimulate the economy through fiscal measures is to increase direct spending, or to provide tax cuts to people who are likely to spend most of it, which are likely to be lower and moderate income individuals.
2. Provide relief from high fuel prices.
3. Providing relief to the disaster victims.
4. Relax the rules for mortgage revenue bonds.
5. Implementation of the work opportunity tax credit. Employment related proposals would qualify residents of the disaster area who became unemployed as a result of the hurricane for the ...
Purchase this Solution
Free BrainMass Quizzes
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.