Due to the current recession there have been many fiscal policy’s enacted (or proposed) aimed at ending or minimizing the effects on Americans. Find an article that describes at least one fiscal policy either enacted or proposed (if the article mentions more than one, choose one to focus your review on).
Caution: Some students may choose inappropriate examples for this assignment. Note that fiscal policies involve taxes and government spending. (Special note: If you choose taxes be clear on who is being taxed – consumers or suppliers and make sure your graph and analysis matches)
A. Find an article in a recent newspaper or magazine that describes at least one fiscal policy either enacted or proposed (if the article mentions more than one, choose one to focus your review on). Briefly summarize the article (2-5 sentences).
B. Identify and describe the type of fiscal policy be very precise in what it is.
C. Explain how government action can/may improve the economic recession.
D. Graph the government action using the aggregate supply and aggregate demand model and explain the current situation and then show how the government action will change the situation. (Should match your explanation above!)
These solutions may offer step-by-step problem-solving explanations or good writing examples that include modern styles of formatting and construction of bibliographies out of text citations and references. Students may use these solutions for personal skill-building and practice. Unethical use is strictly forbidden.Summary of the Article:
In this article, it summarizes both the tax cuts and the government spending components of the fiscal policy as proposed by Trump. Both the components of increasing government spending on infrastructure projects and tax cuts for individuals and corporate companies are being discussed which has alarmed the fiscal conservatives as they fear the fiscal debt to hike up at an alarming rate given the tax cuts and spending increases (Pianin, 2016).
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