Question: explain this answer well .. Q- 1 (a). Explain what are contractionary and expansionary fiscal policies? When are they useful and what options a government

explain this answer well ..

Q- 1 (a). Explain what are contractionary and expansionary fiscal policies? When are they useful and what options a government has under these policies? (b) Demonstrate expansionary and contractionary fiscal policies ghraphically using the AS/AD model, Expansionary fiscal policy Contractionary fiscal policy Price level Price level ROSTOOD alone P Type have to sharch

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