Fiscal Policy Simulation
<Tab/>The simulation is assigned to familiarize one with the tools of fiscal policy that government uses to keep economy moving ahead. The simulation covers fiscal policy the impact of a change in government spending or taxation on the real Gross Domestic Product (GDP) and aggregate income of the economy
The Effects of the Changes
The effects of the changes vary. Since the multiplier and level of income are given in this simulation one can see how government spending can change answers and taxation. The fiscal pollicies tools are used to bring the…
