What are automatic stabilizers? Pres. Eisenhower was ready to act with fiscal policy, but before he could
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Question:
- What are automatic stabilizers?
- Pres. Eisenhower was ready to act with fiscal policy, but before he could act automatic stabilizers worked to combat the recession. Explain.
- Pres. Kennedy had to decide between 2 expansionary fiscal policy options: 1) Heller’s fiscal policy option and 2) Galbraith’s fiscal policy option. What were the 2 fiscal policy options?
- Which fiscal policy option did Kennedy choose and why?
- When was Kennedy’s fiscal policy choice enacted and what happened to the economy?
- Which President continued in Kennedy’s Fiscal Policy legacy? This fiscal policy legacy is actually associated with this other President rather than Kennedy. Why? Why does this seem surprising to us?
- What is your opinion on how knowledgeable Kennedy was in regards to economics? Explain.
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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