What issue or problem in the economy would be fixed with expansionary fiscal policy? Contractionary fiscal policy?

How relevant is the multiplier concept to the implementation of expansionary andcontractionary fiscal policies?

How relevant is the multiplier concept to the implementation of expansionary and contractionary fiscal policies?

Who is in charge of fiscal policies, and how do their different multipliers work?

Some Economists argue that Fiscal policy have no effects in the long run on employment and aggregate output in the economy. What are the arguments behind this belief? EXplain. If indeed the government has to apply the expansionary fiscal policy what would eventually happen to the economy. Explain step by step the process impacting the economy.

What is the difference between discretionary fiscal policy and automatic stabilizers? How are federal budget surpluses and deficits affected by the business cycle?

During difficult economic times, why are uniform across-the-board budget cuts poor fiscal policy?

Distinguish between discretionary and nondiscretionary fiscal policy. What is the difference? What about the difference between active and passive fiscal policy? How are they related to built-in stability?

In the context of budget deficits, what is crowding out?

a) What are the three fiscal policy tools and how would each be used to counter a contractionary gap?   b) True or False and explain: Fiscal Policy is effective at reducing the duration of an economic contraction.   c) True or False and explain: Households always react to tax changes in a predictable manner.