For this essay, we are to write about “Fiscal policy in midst of high inflationary pressures”.
And with the more detailed, we have to write:
“During times of high inflation, governments can use fiscal policy to reduce inflation by influencing the overall level of demand in the economy. This can be achieved by influencing the level of economic
aggregate expenditure, and thereby the economic performance, through the use of government expenditure and taxation.
As an academic economic consultant, you have been invited to write an article to critically discuss how a government can make use of its fiscal policy in conjunction with its monetary policy and direct intervention to lower inflation rates.
Choose a country and write a report about that country’s fiscal policy in the format of an academic essay.
You may want to consider discussing various economic terms that may include (but not limited to) inflation rate, demand, full-employment output, government expenditure, tax rates, among others.
Your report will adopt a clear and accessible writing style, though it must incorporate relevant economic terminology and concepts.”
