Was fiscal policy effective when the US economy was experiencing stagflation during the 1970s? Why or why not?

Explain the difference between fiscal policy and monetary policy. What are some of the reasons these macroeconomic policies are used? Elaborate on reasons these policies are used.

Given all the complications that can result with fiscal policy, is fiscal policy still considered an effective policy tool for stabilizing business cycle fluctuations? - While some economists believe it is best not to engage in fiscal policy at all and instead focus on monetary policy, most economists believe that fiscal policy has a place in stabilization policy. Currently, most economists believe that ( fiscal, monetary ) policy is useful to 'push' the economy in a certain direction, but not necessarily 'fine-tune it' to a particular outcome. They argue that if ( fiscal, monetary ) policy is keeping the economy relatively stable, ( fiscal, monetary ) policy should remain fairly neutral. In cases where recessions are deep and long-lasting or inflation threatens to rapidly rise, major adjustments in ( fiscal, monetary ) policy may be helpful to stabilize the economy. Economists do warn that the long-term effects of short-term applications of fiscal policy should be considered to ensure…

List what specific, deliberate actions the federal government could take to enact expansionary fiscal policy.

Explain what kind of fiscal policy and what kind of monetary policy are likely to reduce GDP.

Consider a potential fiscal policy used to curb a recession. How could a consumer and business expectations about the future economy could hamper those plans?

Why do Republicans like tax cuts? Why are tax cuts a good thing? How does it affect the aggregate supply and demand graph?

What do you understand by the term Fiscal Policy?

if you were the leader of a country and you had control of fiscal and monetary policies, what would you likely do with the use of fiscal and monetary policies before the next general election?

Start with a brief introduction that explains use of Government policy to control the economy. When is it appropriate to use monetary and fiscal policy to stimulate or stabilize the economy? Look at both. When is it inappropriate to use monetary and fiscal policy to stimulate or stabilize the economy? Look at both. What specific fiscal policy tools would you use to stimulate aggregate demand and how? What specific monetary policy tools would you use to stimulate aggregate demand and how? What is your conclusion, should policymakers use the monetary and or fiscal policy, or a combination of both, to stimulate aggregate demand? Explain your reasoning.