subject
Social Studies, 31.01.2020 05:50 MeHelp101

Type your response in the box.
read the following scenarios, and then answer the question that follows.

scenario 1
the economy has been in a downfall for two years. the number of people who are cyclically unemployed has dramatically increased as output measured by gdp has fallen. consumers and businesses are buying less, causing output to fall even more, which increases unemployment. the government invests millions of dollars in infrastructure projects. as a result, the unemployment rate starts to decrease and the gdp begins to increase.

scenario 2
after a period of economic growth, consumers are seeing sharply increased prices on nearly all goods and services. unemployment is at its natural rate, with millions of people working overtime for several weeks, which increases output sharply and quickly. the government decides to slightly increase tax rates. a year later, prices and output fall and stabilize.

what is the difference in how the government reacted in these two situations?

ansver
Answers: 2

Another question on Social Studies

question
Social Studies, 22.06.2019 14:00
American s often refer to a country that is not the u.s as a a( domestic), or b(foreign)
Answers: 1
question
Social Studies, 23.06.2019 11:00
What is political freedom? how is it different from economic freedom?
Answers: 1
question
Social Studies, 23.06.2019 11:30
What do the tiv do in the rainy season? a) fightb) teach their culturec) farmd) build new houses
Answers: 1
question
Social Studies, 23.06.2019 12:50
Because of the amount of precipitation it receives, most of populated australia can be considered a) alpine. b) piedmont. c) semi-arid. d) tropical rainforest.
Answers: 2
You know the right answer?
Type your response in the box.
read the following scenarios, and then answer the question that...
Questions
question
English, 19.02.2021 23:00
question
Mathematics, 19.02.2021 23:00
question
Mathematics, 19.02.2021 23:00
question
Chemistry, 19.02.2021 23:00
question
History, 19.02.2021 23:00