ECONOMICS
FISCAL POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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expansionary fiscal policy
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contractionary fiscal policy
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expansionary monetary policy
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contractionary monetary policy
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Detailed explanation-1: -The New Deal included new constraints and safeguards on the banking industry and efforts to re-inflate the economy after prices had fallen sharply. New Deal programs included both laws passed by Congress as well as presidential executive orders during the first term of the presidency of Franklin D. Roosevelt.
Detailed explanation-2: -The two major examples of expansionary fiscal policy are tax cuts and increased government spending.
Detailed explanation-3: -The New Deal was a progression of projects founded during the Great Depression by President Franklin D. Roosevelt that was expected to re-establish flourishing to Americans. Roosevelt acted quickly to settle the economy and give occupations and alleviation to the individuals who were languishing.