1: Give two examples of expansionary fiscal policy. What will be the effect on government surplus/deficit? Q2: Explain the aspects of expansionary and contractionary fiscal policy. During which phases of the business cycle would each be appropriate? Q3: Under a particular tax system, the government collects $40 billion in tax revenues when GDP is $800 billion and $45 billion when GDP is $900 billion. Is this tax system regressive, proportional, or progressive