The 90 days have now passed, and it is obvious to many policymakers that a recession exists because consumers are spending less. As a result of these data, the government passes a law that creates an office that will give everyone $3,000 they must spend. This office will take 9 months to create and for hiring the necessary personnel. How would the economy change in this second time period, where the data now have convinced all the policymakers that a recession exists and where the government passed a law to start expansionary fiscal policies, but the money hasn't been distributed yet

Answers

Answer 1

Answer:

In this second time period, people would have more positive expectations about their personal economy, and the overall economy, because they would expect the stimulus check of $3,000 to reach their accounts very soon.

This would make people a bit less cautious with their spending, despite the economic recession. Some people would even use a larger proportion of their regular salary to either pay outstanding debt, or to acquire more expensive consumer goods or assets, because they would set aside the $3,000 for daily expenses.


Related Questions

Other Questions
A country where population growth has been managed i need help 42/18 simplified. What is the strangest piece of information you know? what created a loose alliance of the 13 independent states Helpppppp plssssssssss what techniques were used in the composition of music or production of sounds in the early part of the 20th century? Task 4Shelly started driving her own car for Uber. Shecharges a flat fee of $5.00 and $0.50 for everykilometer.Q: How many kilometers were travelled if shecharges $32.50? 1) What are the solutions of (x/3) > -1? is this asking if I need multiple solutions? John read 1/3 of his book on the first day and 1/4 of the book on the second day. What fraction of the book does John have left to read? The Hippocratic Oath states that doctors may tell others secrets about their patients if it is important.TrueFalse What is the area of a rectangle with a base of 7 cm and a height of 11 cm what is the distance between (-1, 2) and (3, 5) Q2. What are most of Gill Lewiss books about? / Which theme is a constant in most of her novels? Which expression is equivalent to the expression shown?24 x44816646PLZ ANSWER I WILL GIVE BRAINLIST I will give brainliest if answered correctly and 20 points Question 5 of 5Which sentence contains a participle?O A. The family's growing children ate a lot of food.O B. Everyone on my block eats dinner early.C. Eating dinner was Gwen's favorite evening activity.D. Evan wanted nothing more than to cook for his friends and family. genotype is the _____ of an organism and a phenotype is the _____of an organism Did I get it correct? A new business is likely to need what bank service(s)? * Billy bought 2 sweatshirts and 3 t-shirts. His friend Jordan bout 3 sweatshirts and 3 t-shirts. Billy's bill was $35 and Jordan's bill was $45. What is the price of one t-shirt and what is the price of one sweatshirt? What is an example of a free online library?A. Duck Duck GoB. Project GutenbergC. BingD. PubMed