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Hello please help me understand and solve this question we did in class Bob: Inflation is crazy high The government Should implement contractionary fiscal policy

Hello please help me understand and solve this question we did in class

Bob: "Inflation is crazy high The government Should implement contractionary fiscal policy and contractionary monetary policy to fix it

Anna : "What! No! That's sily. So many economist would disagree with you. Not to mention the many problems that come with this Just leave it be, we have mechanisms to help the situation fix itself."

Explain Bob's stance and Arma's remarks in fall detail. Use graphs to support your answer.

Please write a long answer in several pages and refer to the image below for what should be written,

image text in transcribed
Monetary " Fiscal Policy allowed Test. . Tools for M.P. * know terms such us expansionary fiscal policy . Tools for F. P. . Apply all tools (ie. when ? / 4) / Adv. of the tools. - Disadu. of the tools. . How at least 3 economists feel about the tools. ill " . Automatic Stabilizers - how they make sense . Extreme ends of the B.C. issues (ie. extreme pessimism optimism) " Phillips Curve - how to draw it how it can ? cannot make sense. V . Business Cycle - how to draw ; what the diff. parts mean

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