I have a paper to write I need help getting a general idea of where to start. the requirements are as follows. If you use and outside sources for the explanation please cite so i can look learn and expand.

The text describes several fiscal policy options to stabilize the economy:

Changes in Government Purchases,

Business Taxes,

Income Taxes, and

Transfer Payments.

Determine if the United States currently needs economic stimulus or contraction.

Describe how each policy option could specifically be used to change the national economy.

Example: Country Z needs economic stimulus. The government could lower the business tax on buying new equipment. This would stimulate the economy because firms would have more money to invest which, in turn, increases demand in the equipment supply sector.

The following criteria will be used to grade the papers:

• Expansion or contraction is selected for the given country.
• Each of the four policy optionswereidentified and explained well.
• The explanations of how and why the policy would be effective were correct for each.
• Organization and style of the essay.

I am not looking for anyone to write the paper for me, I just need help understand each of the 4 policies and an opinion on stimulus and how the policies can by used.

The text referenced above is from Principals of Macroeconomics by Libby Rittenberg and Timothy Tregarthen

https://open.lib.umn.edu/macroeconomics/part/chapter-12-government-and-fiscal-policy/