The economy is in a recession, and the recessionary gap is large. a. Describe the discretionary and
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a. Describe the discretionary and automatic fiscal policy actions that might occur.
b. Describe a discretionary fiscal stimulation package that could be used that would not bring an increase in the budget deficit.
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a Fiscal policy that increases government expenditure on goods and services or decrea...View the full answer
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Related Book For 
Macroeconomics Canada in the Global Environment
ISBN: 978-0321778109
8th edition
Authors: Michael Parkin, Robin Bade
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