This is a question and answer assignment. Each question is to be answered using a full page or more. Please ONLY use the attached files to answer the questions . These files are to be a refernce for the answers but please do not site anything.
Ch. 30, 31 & 34
1. List the tools and actions for expansionary and contractionary policy in fiscal and monetary terms, how are the two related? (think government bonds)
2. Are they equally successful at combating an economy that is accelerating too quickly as they are one that is receding?
3. Summarize the connections between AD-AS, the price level, real output, and Stabilization (fiscal and monetary) policy.
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