Describe a fiscal policy that would help increase the value of the dollar and explain why it would have this effect. What effects does this policy have on unemployment and the merchandise trade balance? What is fiscal policy? How does it work and why do we need it?
This reflects a dismal picture of the American economy during the period of Great Depression. In England as well as in other European countries also such a grave situation of severe recession and huge unemployment prevailed during this period. Before 1929-33 and e...