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Give Two Examples of Fiscal Policy Initiatives That Focus on the Supply

question 155

Essay

Give two examples of fiscal policy initiatives that focus on the supply side of the economy; discuss what these initiatives do to the aggregate demand-aggregate supply model.


Definitions:

Judicial Review

The power of courts to assess the constitutionality of legislative acts and governmental actions, and invalidate them if found unconstitutional.

Congressional Enactment

The process through which the U.S. Congress passes legislation into law.

Constitutionality

The quality of being in accordance with a country's constitution or being permissible under its supreme law.

Executive Order

An executive order is a directive issued by the President of the United States that manages operations of the federal government.

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