-4.5. While consumption and investment steadily increased there was still a major gap between the two. [Compare and contrast the impact of your tax policy decisions with those of current or historical examples in the United States. What do these examples demonstrate about the validity of macroeconomic models? Be sure to cite your research appropriately. ] Fiscal Policy: Government Expenditure Real GDP Growth Unemployment Rate High Low 5.0 - 5.0 - 10 1.0 3.0- 20 - 2.0- " of labor force 10- 1.0- 0.0 Figure 3.1 [ Replace this area with an aggregate demand and aggregate supply (AD/AS) model taken from the course reading or a reputable online source. ] Figure 3.2 IInsert your responses to the following: Explain your decision making regarding government expenditure and how it changed based on the macroeconomic conditions. What was the intent of your fiscal policy decisions in response to the given economic climate?] (Evaluate your fiscal policy decisions, including how they impacted key macroeconomics factors such as real GDP growth and unemployment. To what extent did your policies yield positive or negative outcomes?] [Refer to the AD/AS model to support your analysis in this section of your report.]