1. This assignment should be completed in essay format.
2. It should include an introductory paragraph with a thesis statement, a body, and a concluding paragraph.
3. Please be sure to cite the course OERandat leasttwoacademic articles in the paper. I've listed the articles to use and the OER cite

https://riosalado.coursearc.com/content/ecn211-in-v7/lesson-10-money-and-banking/assessing-your-learning Is the OER cite.

Leightner, J. E. (2024). How US Fiscal and Monetary Policy affect the GDP of Countries with Fixed and Flexible Exchange Rates: Estimates using Korean Data from 1963 to 2022. Journal of Economic Integration, 39(1), 86-106. https://www.jstor.org/stable/27291363

Kia, A. (2024). Demand for Money in the United States: Stability and Forward-Looking Tests.Economies,12(2), NA.http://dx.doi.org.ezp1r.riosalado.edu/10.3390/economies12020049

Renshaw, P. (1999). Was There a Keynesian Economy in the USA between 1933 and 1945? Journal of Contemporary History, 34(3), 337-364. http://www.jstor.org/stable/261143

This Essay has Two Parts. The first is Fiscal Policy Theory and Implementation in which you will discuss how Active Stabilization came to be used and some of the basics of fiscal policy. The second part involves the practical side of fiscal policy including economic and political challenges involved in its implementation and recent examples of its use.

Your essay should include the following elements:

Part I Fiscal Policy - Background and Implementation

1. What economic circumstances gave rise to the Keynesian approach to understanding the workings of the economy?
2. What are the principal differences between the Keynesian and Classical approaches to understanding the workings of the economy?
3. What economic challenges is Fiscal Policy designed to address?
4. What are the tools used in implementing Fiscal Policy?

Part II Fiscal Policy - Challenges and Practical Application

1. How is Fiscal Policy financed?
2. What are the challenges inherent in ensuring that Fiscal policy is effective?
3. What are the economic trade-offs inherent in implementing Fiscal Policy?
4. What are the political challenges inherent in implementing Fiscal Policy?
5. Describe the recent ten-year history of Fiscal Policy in the United States (Please use specific examples).