Answer the following questions using any tools at your disposal.  More credit will be given for answers that use the graphical tools presented in class, along with a “story.” A. The federal government ran a budget surplus in the late 1990 and in the year 2000, but has since returned to running a budget deficit. 2. Explain why expansionary monetary policy would help decrease the likelihood of a recession if it were adopted at the same time the budget deficit was being reduced.

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Answer the following questions using any tools at your disposal.  More credit will be given for answers that use the graphical tools presented in class, along with a “story.”

A. The federal government ran a budget surplus in the late 1990 and in the year 2000, but has since returned to running a budget deficit.

2. Explain why expansionary monetary policy would help decrease the likelihood of a recession if it were adopted at the same time the budget deficit was being reduced.

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