"European Economic Recovery Plan"
"The European Commission urged EU governments to jointly combat the economic slowdown with billion euros ($256 billion) in spending and tax cuts to boost growth and consumer and business con " The plan "...would see the 27 EU governments spend 1.5 percent of the bloc's gross domestic prod halt the slowdown that has already pushed some European nations into recession."
HYPERLINK "http://www.iht.com/" www.iht.com, 11/26/20
The plan is expected to

Question

Quizplus · Accepted Answer

The plan proposed by the European Commission involves spending and tax cuts to boost growth and consumer and business confidence, which would increase aggregate demand (AD) and shift the AD curve rightward. This would lead to an increase in real GDP and potentially help to halt the recessionary gap that has already affected some European nations.