Fiscal policy that the government might use to respond would be to reduce taxes and increase spending.
Monetary policy that might be used would be to increase money supply and reduce interest rates.
Foreign policy that the government might use would be the imposition of import tariffs or quotas to reduce the import of the cheap cars.
<h3>How would the government respond to the recession?</h3>
The government's fiscal policy would focus on getting the nation out of recession and so they would increase government spending while reducing taxes to put more money into people's pockets.
This will also be the goal of the monetary policy which would increase money supply and reduce rates. The lower rates will allow automobile companies to access loans that they can use to produce cheaper cars.
Foreign policy would try to reduce the number of those inexpensive cars coming into the country and so import restrictions like quotas and tariffs would be applied.
Find out more on import restrictions at brainly.com/question/12273928.
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Answer:
Confederation
Explanation:
A democracy is "a system of government by the whole population or all the eligible members of a state, typically through elected representatives."
An oligarchy is "a small group of people having control of a country, organization, or institution."
An autocracy is "a system of government by one person with absolute power."
The definitions for all of these can be found just by searching the word on the web.
That would be 52 million, almost one in nine homes
