What role does fiscal policy play in influencing aggregate demand and managing economic fluctuations? Provide examples of expansionary and contractionary fiscal policies.

According to supply-side fiscal policy,lower taxes encourage work, saving and investment.Why? Can you explain this theory?

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?

List the 3 major economic goals of fiscal policy.   Who is responsible for fiscal policy?       What issue or problem in the economy would be fixed with expansionary fiscal policy? Contractionary fiscal policy?   Using an aggregate supply and demand graph, show what happens when expansionary fiscal policies are enacted such as the 2017 Tax Cuts and Jobs Act when the economy is at full employment. Label all of the curves, the vertical and horizontal axis and show the direction and impact on the economy.

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?

Suppose the government implements contractionary fiscal policy. As a result, the inflation rate will likely _____ and the real growth rate will likely _____ in the short run. Rise or fall?

Who Handles Fiscal Policy?