Welcome to Westonci.ca, the ultimate question and answer platform. Get expert answers to your questions quickly and accurately. Get detailed and accurate answers to your questions from a community of experts on our comprehensive Q&A platform. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.
Sagot :
Counter-cyclical fiscal coverage refers to the steps taken through the government that go towards the course of the monetary or commercial enterprise cycle.
Thus, in a recession or slowdown, the authorities increases expenditure and reduces taxes to create a demand that can force an economic boom.
Which of the following is an example of a counter-cyclical policy?
One example of an automatically countercyclical fiscal coverage is modern taxation. By taxing a large share of income when the economy expands, a revolutionary tax tends to reduce demand when the economy is booming, accordingly reining in the boom.
Counter-cyclical or defensive industries are those that do well in economic downturns, since demand for their products and services continue regardless of the economy.
Learn more about counter-cyclical policy here:
https://brainly.com/question/7767883
#SPJ4
Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.
