During the Great Recession, like any other economic downturns, as unemployment rises, aggregate...

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During the Great Recession, like any other economic downturns, as unemployment rises, aggregate income declines causing a major decline in tax collections. On the other hand, with the rise in unemployment, spending on safety net programs rise. So, to stabilize the national economy, government appears to have only two options (neither good) either to put in place severe austerity measures (cut spending) or increase borrowing. Of course, it is very difficult to defend cuts in the federal government programs and especially the programs geared to sustain the minimum of the standard of living for the “poor.” But increase in borrowing has major adverse impacts on the national economy.Write an essay analyzing·Different theoretical views on national debt,·Long-run costs of high national debt,·Costs of eliminating the budget deficit solely through (1) personal tax increases, and/or (2) through spending cut by decreasing in transfer payments (i.e., Social Security, Medicare and Medicaid) and in discretionary spending (such as defense and education budgets). has to be at least 700 work essay in APA format. please quote a price for this.

Robert · Accepted Answer

Government Strategies during recession 
Introduction: 
 During the recession time, government first priority is to increase the industrializations and 
businesses in the country, and all these happening for the growth of the GDP, which were slow down 
during the recession time. During recession time, Interest rates are so much higher, inflations are on 
top and there is no demand for the luxurious items from the public. To avoid the situations, 
governments try too many steps to stable the economy and come under balanced situations. So that 
government try to enhancing the Enhancing the Capacity for Growth, Enhancing Skills and Faster 
Generation of Employment, Managing the Environment, Markets for Efficiency and Inclusion, 
Decentralisation, Empowerment and Information, Technology and Innovation, Securing the Energy 
Future, Accelerated Development of Transport Infrastructure, Rural Transformation and Sustained 
Growth of Agriculture, Managing Urbanization, Improved Access to Quality Education and Better 
Preventive and Curative Health Care.  
Government steps to protect the economy of the country during recession time: 
Decrease the interest rate, government tries to decrease the interest rate of the country, which give 
liquidation to the market place, once loans have lower interest rate, company and industry looking 
for the new loans on lower interest rates,

During the Great Recession, like any other economic downturns, as unemployment rises, aggregate income declines causing a major decline in tax collections. On the other hand, with the rise in...

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