Igor has been elected to lead Transylvania. Igor's first action is to hire a crack team of economists and to ask them what fiscal policy he should propose. a. If Transylvania has an inflationary gap, what fiscal policies should Igor's economists propose? b. If Transylvania has a recessionary gap, what fiscal policies should Igor's economists propose? c. Because the legislature decides to meet only at night, it takes a year to get a fiscal policy in place in Transylvania. Suppose that Igor's economists predict that next year, without any government policy, Transylvania will have a recessionary gap. The government passes a fiscal policy that is designed to correct a recessionary gap. However, the prediction is incorrect and without any government policy Transylvania actually would have had a full employment equilibrium. What happens when the fiscal policy, based on the incorrect prediction, takes effect? d. As Igor is sent packing back to his old night job, explain to him what other factors might have hindered the success of his fiscal policy