Question: i) Explain Fiscal Policy and its types? Please choose one type of policy and justify your arguments with reference to role of government and its

i) Explain Fiscal Policy and its types? Please choose one type of policy and justify your arguments with reference to role of government and its measures to generate taxes.

ii) Critically examine the phases of Business cycle. Explain the short-run Philips curve for inflation and Unemployment?Also explain its application in the ongoing scenario of Covid-19 outbreak

iii) What makes the CPI an imperfect measure to compute the inflation rate? The new measure SPI has become the new normal for computing Inflation, please discuss its advantages and disadvantages over the CPI.

iv) Why is it important for people who owns stocks and bonds to diversify their holdings?

v) Explain the Consumption function (including Autonomous and Induced consumption) and Marginal propensity to consume (MPC)?Graphical representation is must

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1. Background knowledge of the subject and

4. What specific changes in the environment have taken place in relation to the information we have collected?

2. The purpose of the acquisition of the information.