A procyclical fiscal policy, like those of many state and local governments in the united states, tends to

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Big Bird

17 November, 19:54

A procyclical fiscal policy, like those of many state and local governments in the united states, tends to

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Kaitlyn Hutchinson · Answer 1

A procyclical fiscal policy, like those of many state and local governments in the united states, tends to reinforce recessions and booms rather than counterbalance them. This is because they lower taxes and raise spending during a strong economy and to increase taxes and lower spending during a weak economy