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2 Question 2 Fiscal Stimulus The economy is in a recession, and the recessionary gap is large. a. Describe the discretionary and automatic fiscal policy

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2 Question 2 Fiscal Stimulus The economy is in a recession, and the recessionary gap is large. a. Describe the discretionary and automatic fiscal policy actions that might occur. b. Describe a discretionary fiscal stimulation package that could be used that would not bring an increase in the budget deficit c. Explain the risks of discretionary fiscal policy in this situation

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