Specify whether expansionary or contractionary fiscal policy would seem to be most appropriate in response to each of the situations below and sketch a diagram using aggregate demand and aggregate supply curves to illustrate your answer:

a. A recession.

b. A stock market collapse that hurts consumer and business confidence.

c. Extremely rapid growth of exports.

d. Rising inflation.

e. A rise in the natural rate of unemployment.

f. A rise in oil prices.