Answer to Question #334429 in Macroeconomics for XFMQX

Question

During the Covid-19 pandemic, Saudi government came up with various spending by giving various stimulus packages to both businesses and households to support them. However, in July 2020, the government also increased VAT from 5% to 15%.

i.                What fiscal policy action would you have expected from the government based on your knowledge of macroeconomics?

Answer 1

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