Governments fiscal policy options for an inflationary gap
Describe government’s fiscal policy options for an inflationary gap? Employ the aggregate demand-aggregate supply model to illustrate the impact of these policies on the price level.
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Options are to decrease government spending, raise taxes, or some combination of both. If the price level is flexible downward, it will drop. In the real world, the goal is to drop inflation—to keep prices from increasing so rapidly—not to decrees the price level.
Budget Year (BY): The next state fiscal year, starting July 1 and ending June 30, for which the Governor's Budget is proposed (that is, the year following the present fiscal year).
Administration: It refers to the Governor's Office and those individuals, subdivisions, and offices reporting to it (example, the Department of Finance).
Explain the impact on India on Global Economic crisis ?
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Warrant: It is an order drawn by the State Controller directing the State Treasurer to reimburse a particular amount, from a specific fund, to the entity or person named. A warrant usually corresponds to a blank check however is not essentially payabl
FERA stands for The Federal Emergency Relief Administration. The program was renamed as a direct relief operation in Roosevelt Administration. It was a form of an unemployment insurance.
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