How does the federal government's fiscal policy affect the U.S. What is considered healthy economic growth for fiscal policy in economy? (1 point) terms of percent of Gross Domestic Product (GDP) per year? (1 point) O The President issues executive orders to influence changes to consumer and business spending. O 4% to 5% Members of the federal government consult with O 2% to 3% banks to change interest rates and availability of lending. O 0% to 1% The federal government implements tax and O 3% to 4% spending measures that affect employment, economic growth, and inflation. Carter is his school's president. As part of Carter's The House and Senate pass new laws and responsibilities, he must make decisions about important public policy issues affecting his school community. A major public O regulations that can make changes to wealth policy issue affecting his school community is recycling. What distribution. steps should Carter take when analyzing and making a decision Which statement explains why contractionary fiscal policy is often about recycling? (1 point) not used by the federal government? (1 point) O Carter should use a decision-making model before Decreases in federal government revenue and making a decision. O increasing expenses cause large deficits and adds to the national debt, which put a strain on the O Carter should make a decision in which the costs economy. outweigh the benefits. The increased individual and corporate income O Carter should make a decision based on what taxes overheats the economy and increases other school's have done. inflation. Individual and corporate tax rates increase while O Carter should make the decision by considering his wants and needs only. O spending for social programs decreases, both of which would lead the economy to slow down or contract. The increase in individual and corporate tax rates as well as government spending cause a slow down in the private sector economy. What impact does an expansionary fiscal policy action, such as a tax cut, generally have on consumer and business spending? (1 point) O spending decreases for businesses and increases for consumers O spending increases for both businesses and consumers O spending increases for businesses and decreases for consumers O spending decreases for both businesses and consumers