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Term Paper: There is a Term Paperassigned for this course. It is worth 200 points. The Term Paper must be between XXXXXXXXXXwords in length and contain a Title Page as the first page of the paper and...

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Term Paper:There is a Term Paperassigned for this course. It is worth 200 points. The Term Paper must be between XXXXXXXXXXwords in length and contain a Title Page as the first page of the paper and a Reference Page as the last page of the paper. The Title Page must contain the title of the paper, the course number, date, student’s name, and Professor’s name. The Term Paper must contain at least four (4) references. Do Not use Wikipedia as a reference. Students may write their paper on any formal topic contained in the Syllabus for this course. MLA or APA format may be used for type-written paper. All papers must be submitted in hard copy prior to or on the due date. No papers will be accepted after the due date. Papers not submitted by the due date will receive a score of “0”.

Answered Same Day Dec 22, 2021

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David answered on Dec 22 2021
134 Votes
Make sure you show ALL your work and explain where asked
Fiscal Policy of UNITED STATES
Fiscal policy as we know it today consists of government spending and its revenues. But its role in the economy as a tool available with the government during the business cycle to tide over tough times has evolved slowly over time. In the early part of 20th century taxes were meant to finance the expenses of the government. After the 1929 Depression, the Keynesian prescription changed the whole meaning and purpose of fiscal policy. It was now a tool to deal with depressions in the business cycle.
Policy-makers based their views on the basis of John Maynard Keynes, who argued in his famous book The General Theory of Employment, Interest, and Money(1936) that, ‘the rampant joblessness of his time resulted from inadequate demand for goods and services.’ His arguments were based on the lack of demand that led to lower jobs and unemployment. Lack of jobs meant that people had no money to spend, leading to lower prices and bankruptcy of companies and piled up unsold inventories. Without any external intervention, the economy would face a vicious cycle- more bankruptcies-more layoffs-lower incomes –lower demand –lower prices- lower profits and more losses- more bankruptcies. This cycle can...
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