Hi I'm preparing for my final and getting stuck with these questions. With the situation right now and over the next 12 months:

1. Should the Fed increase, decrease, or hold constant the fed funds rate? Why?
2. Should fiscal policy-makers cut taxes or raise taxes? Why?
3. Should fiscal policy-makers reduce defense and non-defense spending or increase defense and non-defense spending? Why?

I appreciate you guys could help me to study during this tough time.