EXPANSIONARY FISCAL POLICY (deficit spending):

When (at which phase of business cycle) is it used?

What is expected as the policy outcomes?

Output (GDP):

Unemployment:

Price level:

How does interest rate increase under the fiscal policy what happened to the following?

-CROWDING-OUT EFFECT

Increase in interest rate

what are the Effects/Outcomes?

-what about the in interest rate inNET EXPORT EFFECT

what is the Effects/Outcomes?

CONTRACTIONARY FISCAL POLICY

When (at which phase of business cycle) is it used?

What is expected as the fiscal policy outcomes for the following?

Output (GDP):

Unemployment:

Price level:

How does interest rate decrease under the fiscal policy for the following?

Increase in interest rate NET EXPORT EFFECT

what is the Effects/Outcomes?