Question: I need some insight on these problems please and thank you! H. What is fiscal policy? 2. What can the government do to fix an

I need some insight on these problems please and thank you!

I need some insight on these problems please and thank you! H.

H. What is fiscal policy? 2. What can the government do to fix an inflationary gap? 3. What can the government do to fix a recessionary gap? After reading the Washington Times article "Obama's stimulus package, 5 years later: Dems defend, Republicans ridicule" found at http://tinyurl.com/m6tr7fo , answer the following questions. 4. Why is the stimulus package controversial? 5. What proof is there that the economy is still lagging? 6. How did the stimulus pump money into the economy? 7. Draw an AD/AS graph that shows how the stimulus impacted the economy. Explain your graph. Review of expansionary and contractionary policies video https://www.youtube.com/watch?v=oGQBvDt3Bql 8. Explain the two types of fiscal policy that Congress and the President can use? 9. Distinguish between discretionary and non-discretionary fiscal policy. 10. What two specific fiscal policies could help an economy suffering from recession? 11. Draw a correctly labeled AD/AS graph to show an economy suffering from recession and then amend the graph to show the effect of your answer in Q #10

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