fiscal policies

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Title: fiscal policies

Essay Details:

Subject: Business

Author:

Date: January 3, 2013

Level: University

Grade: A

Length: 2 / 330

Essay text:

The reduction caused the budget deficit to reduce by 2.33% of the GDP. Real GDP was reduced by 41.26 which brought the budget closer to the economy's long run potential output. Because the price levels are reduced inflation is lower. My decision to increase the income tax rate reduced inflation by 5.16%. However, the unemployment rate increased by 4.43%, which is not good for the economy. In the final scenario, I have been reelected as President. I am still struggling to bring down inflation. I increased defense spending by 200 million and decreased spending on social welfare programs by 400 million...

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