S Smiley New member Jun 29, 2009 #1 If US Economy is in recessionary gap, should fiscal policy be expansionary or contractionary? By adopting this policy, will tax be lowered or raised? What is the impact of changes in tax policy on GDP? Give an example
If US Economy is in recessionary gap, should fiscal policy be expansionary or contractionary? By adopting this policy, will tax be lowered or raised? What is the impact of changes in tax policy on GDP? Give an example
