directions: Use the given scenarios and the information you have learned about Fiscal and Monetary policy to complete the questions that follow Over the past 3 years, prices in Belarus have risen by 4%, as overall economic growth has increased by 5% while unemployment rates are 1.3%. Aram is finding that all goods, even necessities cost more at the stores. He is worried he may have to cut back on certain purchases. Congress and the President also notice this change in the economy and decide to take steps to correct it. They can use their 2 tools in the following ways: a. What will the federal government do to taxes? b. What will the federal government do to government spending? c. What impact will this have on consumer spending?
directions:
Use the given scenarios and the information you have learned about Fiscal and
Over the past 3 years, prices in Belarus have risen by 4%, as overall
Congress and the President also notice this change in the economy and decide to take steps to correct it. They can use their 2 tools in the following ways:
a. What will the federal government do to taxes?
b. What will the federal government do to government spending?
c. What impact will this have on consumer spending?
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