a. What measures does the government have at its disposal to undertake fiscal policy?

b. What is meant by expansionary fiscal policy? How would the government undertake expansionary fiscal policy?

c. What is meant by contractionary fiscal policy? How would the government undertake contractionary fiscal policy?

d. When is expansionary fiscal policy appropriate? When is contractionary fiscal policy appropriate?

e. What are the advantages and disadvantages of expansionary fiscal policy?

f. What are the advantages and disadvantages of contractionary fiscal policy?

g. Should fiscal policy be delivered via automatic rules, such as progressive income taxes, or should it at times be delivered via discretionary measures adopted by the government? Explain.

h. Should fiscal policy measures always be permanent or should they sometimes be temporary, with a known expiry date? Explain.