Question: Please help if you actually can! Please don't copy and paste other answers on the internet they aren't helping me. Thank you! Question 2 Consider
Please help if you actually can! Please don't copy and paste other answers on the internet they aren't helping me. Thank you! 
Question 2 Consider the AD-AS model discussed during the lectures. Assume that the aggregate demand curve is given by Y=8-0.5 11, that the long run aggregate supply curve is given by Yp=7, that the short run aggregate supply curve is given by n = 11_expect + 0.3(Y-Yp), and that the monetary rule is given by r=1+0.3 11. (c) Is fiscal policy more useful, less useful or equally useful compared to monetary policy to avoid the loss of confidence generating a recession? Discuss and compare how fiscal and monetary policy can be separately used in response to the dynamics caused by the loss of consumer confidence. (12 marks) Question 2 Consider the AD-AS model discussed during the lectures. Assume that the aggregate demand curve is given by Y=8-0.5 11, that the long run aggregate supply curve is given by Yp=7, that the short run aggregate supply curve is given by n = 11_expect + 0.3(Y-Yp), and that the monetary rule is given by r=1+0.3 11. (c) Is fiscal policy more useful, less useful or equally useful compared to monetary policy to avoid the loss of confidence generating a recession? Discuss and compare how fiscal and monetary policy can be separately used in response to the dynamics caused by the loss of consumer confidence. (12 marks)
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