2. What are the two extremes of the business cycle? 3. Which economist is considered.to.be the founder of fiscal policy? Why is he credited as being the founder of this type of policy? 4. What problem is trying to be solved when the government pursues an expansionary fiscal policy? 5. What specific actions does the government take when pursuing an expansionary fiscal policy? 6. What problem is trying to be solved when the government pursues a contractionay fiscal policy? 7. What specific actions does the government take when pursuing a contractionary fiscal policy