What type of policy are this using (expansionary or contractionary)? How will it impact unemployment, GDP, inflation? How will it impact aggregate supply and demand? Will these changes harm our economy? Are they worth it? CategoriesOptionsInvestmentsSpend $78 BillionGeneral Gov'tCutSpending$20BillionNationalSecurity andDefenseCut$75BillionHealth CareCut$158BillionSocialCut $785 BillionSecurityCut TaxesCut $265 Billion2017 TaxRaise $1,169CutsBillionТахRaise $105ExpendituresBillionOtherRaise $83 BillionRevenueFinalTotal Deficit Reduction = $Final Deficit = $

The type of policy being used is a Fiscal Contractionary Policy. This can be seen clearly by the…

Categories Options Investments Spend $78 Billion Cut $20 Billion General Gov't Spending National Security and Defense Cut $75 Billion Health Care Cut $158 Billion Social Cut $785 Billion Security Cut Taxes Cut $265 Billion Raise $1,169 Billion 2017 Tax Cuts Таx Raise $105 Billion Expenditures Other Raise $83 Billion Revenue Final Total Deficit Reduction = $ Final Deficit = S %3D

Categories Options Investments Spend $78 Billion Cut $20 Billion General Gov't Spending National Security and Defense Cut $75 Billion Health Care Cut $158 Billion Social Cut $785 Billion Security Cut Taxes Cut $265 Billion Raise $1,169 Billion 2017 Tax Cuts Таx Raise $105 Billion Expenditures Other Raise $83 Billion Revenue Final Total Deficit Reduction = $ Final Deficit = S %3D

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

100%

What type of policy are this using (expansionary or contractionary)? How will it impact unemployment, GDP, inflation? How will it impact aggregate supply and demand? Will these changes harm our economy? Are they worth it?

Categories
Options
Investments
Spend $78 Billion
General Gov't
Cut
Spending
$20
Billion
National
Security and
Defense
Cut
$75
Billion
Health Care
Cut
$158
Billion
Social
Cut $785 Billion
Security
Cut Taxes
Cut $265 Billion
2017 Tax
Raise $1,169
Cuts
Billion
Тах
Raise $105
Expenditures
Billion
Other
Raise $83 Billion
Revenue
Final
Total Deficit Reduction = $
Final Deficit = $

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