Explain what effect an expansionary fiscal policy would
Expansionary Fiscal Policy Sample Homework
Question: Explain what effect an expansionary fiscal policy would have on the price level and real GDP starting from full employment equilibrium.
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Comprehensively distinguish between expansionary and restrictive fiscal policy. Is the current fiscal policy stance in SA expansionary or restrictive? Motivate your answer comprehensively. (half a page with references)
Explain what effect an expansionary fiscal policy would have on the price level and real GDP starting from full employment equilibrium.
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