8.As an economy is stuck in recession left-wing Democrats change taxes how for whom?
9.As an economy is stuck in recession left-wing Democrats change gov. purchases on what?
10.As an economy is stuck in recession right-wing Republicans change taxes how for whom?
11.As an economy is stuck in recession left-wing Republicans change gov. purchases on what?
8.
Left wing democrats propose social equality and welfare of the poor. Hence, in the scenario of economy stuck in recession, tax rate will be decreased more on those groups who are at a disadvantage to the rich people. Or, tax rate of lower income group will decrease so that their consumption will boost the economy.
9.
During recession, left wing democrats would increase government purchase and spending that facilitate the equality and welfare of the poor people. These type of spending, will create job opportunities for the lower income class people and aggregate demand will be stimulated to increase. So, the spending will take place on education, health and infrastructure.
Pl. repost other unanswered
questions for their proper answers!
Get Answers For Free
Most questions answered within 1 hours.