If Real GDP has been declining and unemployment is rising, the President and Congress might lower taxes and increase government spending.
How can the government combat a fall in Real GDP?
A fall in Real GDP means that the economy is no longer producing as much as it used to.
To reverse this, the government can embark on an expansionary fiscal policy where taxes are reduced and spending is increased. This in theory, would spur more production.
Find out more on fiscal policy at https://brainly.com/question/6583917.
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