Question

Please help! 100 pointtsss

Answer following question with this info:, January 1, 2024.Medicare Part D redesign begins, with some reduced costs in 2024 and seniors' drug costs in Medicare capped at $2,000 in 2025“
1.Would the fiscal policy action discussed in the article promote price stability, full employment, and/or economic growth? Explain.
2.Would the fiscal policy action discussed in the article, if approved, contribute to creation of a budget surplus or a budget deficit? Would this likely increase, decrease, or not affect the national debt? Explain.

Answer 1

Deliberate changes in taxes (tax rates) and government spending by Congress to promote full-employment, price stability, and economic growth. The goal of expansionary fiscal policy is to reduce unemployment. Therefore the tools would be an increase in government spending and/or a decrease in taxes.

Step-by-step explanation: