Examine how fiscal policy is used to mitigate negative impacts on the national e

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Examine how fiscal policy is used to mitigate negative impacts on the national economy. 
This assessment deals with how the government utilizes fiscal policy instruments (tools) to stabilize the economy and to achieve full employment, control inflation, and encourage economic growth. 
Suppose the economy of a hypothetical country has reached its long-run macroeconomic equilibrium when each of the following aggregate demand shocks occurs. 
The economy of a hypothetical country has been stable for two or three years with very low unemployment. Wages have been gradually increasing during this time. Now stock market prices begin significant increases, causing peoples investments, such as their retirement accounts and other investments, to increase in value. People feel very good about the future and use their new-found wealth to buy things that they had been hesitant to purchase in the past. Describe, in a short essay inserted below these questions, how the economic situation will change and how the government could best respond to these changes. Include detailed answers to the following questions in your essay: 
What kind of economic gap will start to occur (inflationary or recessionary)?
What kind of fiscal policy might be helpful to stabilize the economy (expansionary or contractionary)?
What specific fiscal policy tools does the government have available, and how should these tools be utilized to maximize their effect in stabilizing the economy?
What would be the likely impact on the government budget and national debt of the use of these fiscal policy tools?
The economy of a hypothetical country has been stable for two or three years with very low unemployment. Wages have been gradually increasing during this time. Now an aggressive policy of increasing tariffs on foreign goods imported into the country results in retaliatory actions from the other countries against the hypothetical countrys products and services. This causes great loss of business in the hypothetical country, and results in significant unemployment. Describe, in a short essay inserted below these questions, how the economic situation will change, and how the government could best respond to these changes. Include detailed answers to the following questions in your essay:
What kind of economic gap will start to occur (inflationary or recessionary)?
What kind of fiscal policy might be helpful to stabilize the economy (expansionary or contractionary)?
What specific fiscal policy tools does the government have available, and how should these tools be utilized to maximize their effect in stabilizing the economy?
What would be the likely impact on the government budget and national debt of the use of these fiscal policy tools?
Assume that in a hypothetical country, coal mining is a significant industry, hiring a high proportion of that countrys workforce. Describe, in a short essay inserted below this question, how a significant decline in coal mining, as the country attempts to switch to environmentally safer production, can ripple through the entire economy, and how the government can use fiscal policy tools to combat such negative effects.
Minimum Submission Requirements
Proper notification of any resubmission, repurposing, or reworking of prior work per the .
This assessment should be completed in this .
Your paper must be written in Standard English and demonstrate exceptional content, organization, style, grammar, and mechanics.
Your writing should be well ordered, logical, and unified, as well as original and insightful.
You should paraphrase the material and use in-text citations to justify your discussion. Avoid using quotations. Ensure you are properly paraphrasing from your sources. For a refresher on paraphrasing, view this short video on  and explore the additional resources prior to starting your assessment. You can access tutorials, how-to videos, tutoring services, and more by visiting the Academic Success Center.
You must include one high-quality source, which can be your textbook. Additional sources can be current Purdue Global Library sources. Peer-reviewed academic articles, articles published in journals, textbooks, and library resources found in the ProQuest ABI/Inform Collection database from the Library are examples of high-quality resources.
Respond to the questions in a thorough manner, providing specific examples of concepts, topics, definitions, and other elements asked for in the questions. Your paper should be highly organized and focused.
Be sure to include references for all sources and cite them using in-text citations where appropriate. Your sources and content should follow the current APA citation style. Review the writing resources for APA formatting and citation found in Academic Tools. Additional writing resources can be found within the Academic Success Center. 
Your paper submission should:
Be in the template provided; and
be free of spelling or punctuation errors.
If the work submitted for this competency assessment does not meet the minimum submission requirements, it will be returned for revision. If the work submitted does not meet the minimum submission requirements by the end of the term, you will receive a failing score.
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