In your own words define and explain fiscal policy.
Read Chapters 9, 11 and 12 of Macroeconomics: Private and Public Choice.
There are two parts to this discussion.
Part 1
In your own words define and explain fiscal policy. List the pros and cons for the fiscal policy you selected. Include supply-side economics in your explanation. As you think through your answer, remember the government may exercise expansionary or restrictive fiscal policy.
Part 2
Research one specific real-life example of a fiscal policy and explain its overall impact on the economy. In your example, discuss any political influences.
Note:
when possible, select a different example than those already posted by a fellow classmate.
Your initial response should be a minimum of 200 words. Graduate school students learn to assess the perspectives of several scholars. Support your response with at least two scholarly and/or credible resources in addition to the text.
Answer preview to in your own words define and explain fiscal policy.
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