Monetary and Fiscal Policy Tools for Addressing High Unemployment Levels

Addressing High Unemployment Levels

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Question

If unemployment was deemed too high by policy makers, which of the following policy tools might be utilized?

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Explanations

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A. B. C. D. E. F.

B

One method to reduce unemployment is to engage in expansionary fiscal policy. This requires the government to spend more than it collects in taxes. The result is a net increase in aggregate demand, which will increase the quantity supplied, and therefore reduce unemployment.