What is fiscal policy? What are the tools of fiscal policy?
Discuss the impact of expansionary fiscal policy and specifically
the fiscal policies used during the Great Recession of 2008-2009 on
operation of business operation.
Find an article on current Monetary or Fiscal Policy and
summarize it (attach for your colleagues to read). Analyze the
policy as either contractionary or expansionary- Fiscal or Monetary
policy- and comment on appropriateness/ effectiveness to
demonstrate understanding of your new knowledge!
Briefly discuss the differences in lags and other shortcomings
of using monetary policy and fiscal policy in response to aggregate
demand shocks. (Hint: make sure you discuss whether one works
better than the other in certain economic circumstances and
why)
1) Summarize and discuss the benefits of the new tax policy. Who
are the winners? And who are the losers? Does the new tax policy
help the most vulnerable segment of our society?
2) Was the new tax policy written taking our diverse community
into account? What would you do differently regarding the process
of drafting the tax policy and eliminating any potential negative
unintended consequences? How do you help local communities engage
in policy related matters (such as tax...
3) Fiscal Policy
a. What does fiscal policy refer to?
b. How could fiscal policy affect AD?
c. Why would a government use fiscal policy to stabilize the
economy ?
d. What, specifically, would they do to stabilize?
e. What are some of the risks of using fiscal policy to
stabilize?
f. What are automatic fiscal stabilizers, and how do they affect
the budget deficit/surplus?
Discuss the main differences between fiscal policy and monetary
policy. What steps or actions does the government take to influence
or pursue either type of policy?
1. Fiscal Policy
What is fiscal policy? Is the President and Congress currently
running expansionary fiscal policy or contractionary fiscal policy?
Why? Visit the Congressional Budget Office and report a project
that could impact the budget (search topics then pick an area that
you find interesting and may even talk about the COVID-19 as
well).