when the economy is in a recession, the government can use expansionary fiscal policy to stimulate and encourage economic growth. which of the following scenarios represent expansionary fiscal policies from both a supply perspective and a demand perspective?

A community's resource allocation is ultimately determined by a collection of interrelated processes for production and consumption collectively referred to as an economy. The creation and use of services and products in its entirety satisfy the needs of those who reside there and conduct business there.

Which are some instances of economy?

The traditional economy, which uses a country's traditions and history to direct the production and sale of goods, is a well-known illustration of an economy. The main pillars of market societies are agriculture, fisheries, & hunting.

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The complete question is-

When the economy is in a recession, expansionary fiscal policy can be used to stimulate and encourage economic growth. Which of the following scenarios represent expansionary fiscal policies from both a supply and demand perspective at the same time?

Select one:

a. The government lowers tax rates.

b. The government lowers tax rates and issues a partial refund of taxes that have already been paid.

c. The government raises tax rates and reduces unemployment insurance payments.

d. The Federal Reserve decreases the money supply and raises the interest rate while the government simultaneously reduces future taxes.