C5 Table To... BUS 104 T3 2022 Test Week 12 (Moodle) - Backup - Word (Product Activation Failed) X File Home Insert Design Layout References Mailings Review View Design Layout Tell me what you want to do. Sign in & Share & Cut Times New R - 10 ~ A A | Aa- | A : - = + OF+ 2 21 1 Find Figure 1.1 AaBbCcDd. AaBbC AaBbCc 1.1.1 Aal 1.1.1.1 A 1.1.1.1.1 AaBbCcDd Copy gac Replace Paste Format Painter B I U - abe X2 X? A - Z . A. 1 Caption Emphasis 1 Heading 1 1 Heading 2 1 Heading 3 1 Heading 4 1 Heading 5 1 Normal Select Clipboard Font Paragraph Styles Editing Question 09 (ES) (a) Explain what fiscal policy is and the difference between discretionary fiscal policy and automatic fiscal policy. What kind of fiscal policy action would be appropriate if the economy has an inflationary gap? (4 marks) ES (b) Explain what monetary policy is and the role central banks and interest rates play in its implementation. What kind of monetary policy action would be appropriate if the economy has an inflationary gap? (4 marks) 5 Document Classification: Public Page 5 of 8 949 words [ Ed - + 100% 67.F Q Search zoom 0 10:18 AM Partly sunny 2/10/2023