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1. Explain Fiscal policy and how it can help smooth over the business cycle boom bust situations. Looking for: a. the 2 tools of fiscal

1. Explain Fiscal policy and how it can help smooth over the business cycle boom bust situations.

Looking for:

a. the 2 tools of fiscal policy

b what each tool does in inflation and recession times

c how it effects economy on the whole ( dont just say expand contract). How does it expand contract

2. What are some problems with fiscal policy in regards to politics

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