Explain who were the agents pushing this Fiscal policy forward. Who opposed the policy? What was...

Explain who were the agents pushing this Fiscal policy forward. Who opposed the policy? What was the incentive

framework of the main agents involved before the fiscal policy was implemented? And what was the incentive

framework implied by the fiscal policy?

Identify groups of people with similar backgrounds or interests and compare the fiscal

policy from the viewpoint of these groups.

Solutions

Expert Solution

Policy is basically the policy of taxation in government expenditure and taxation are used to control the inflation and deflation situation in the economy and government expenditure are used for both the purposes first purpose is to control inflationary and deflationary situation and the another purpose is to maintain the Welfare in the economy.
So in this regard some of the agents pushing this policy that is fiscal policy forward and some of the agents posed the policy incentives also that involve in this policy for the proper implementation.
Agents are basically those factors which affect the fiscal policies in such a manner so that it will raise the economic agents in the economy some economic agents are consumers producers and suppliers some sectors also place role of economic agent in the economy in a broader sense and these agents are government industries and household sector.
The main purpose of the implementation of this policy is to give benefit to the poor class of the society and the middle class of the economy.
The Framework implemented in this policy is based on the proper plans of government expenditure in taxation.
The group of people with similar background or the interest group of the physical policy are middle class person and it includes household sector industrial sector and the effect of global representation in the economy.
Follow up of fiscal policy is very important because it is not a policy of simple implementation but it is a policy of proper implementation in the economy because the long term and short term effects of this policy is very important in the development of the economy and to maintain the price stability in the economy.

Rahul Sunny answered 3 weeks ago

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