Question

to help fight a recession the government could
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Answer 1

Answer:

During tough times it is difficult for everyone to fight for recession we need to emphasize that fiscal policy is the use of government spending and tax policy to alter the economy. Fiscal policy does not include all spending (such as the increase in spending that accompanies a war). Recessions, like the Great Recession that affected labor markets around the globe during the late 2000s and those that countries are now experiencing as a result of the Covid-19 pandemic, have a detrimental effect on jobs and people. The negative impacts can see increased unemployment (particularly among youth), changes in job status (from full-time to part-time or contract work), or a decrease in work hours (short-time work) or wages. They may also lead to persistent reductions in an entire generation’s future earnings, while the job insecurity experienced by workers may impair their physical and mental health. Given that the current pandemic doesn’t look like abating in the near future.

Answer 2

Answers :.

During a recession, the government may employ expansionary fiscal policy by lowering tax rates to increase aggregate demand and fuel economic growth. In the face of mounting inflation and other expansionary symptoms, a government may pursue contractionary fiscal policy