Ch. 12-Assignment 1 Due Wed. 1/3

Complete in your notebook for tomorrow:


1.  What is fiscal policy?

2.  What events made the concept of fiscal policy take root in America?

3.  Describe expansionary fiscal policy.  When would it be appropriate?  How would taxes and spending be utilized to implement it?

4.  Describe contractionary fiscal policy.  When would it be appropriate?  How would taxes and spending be used to implement it?