Explain your decision making regarding government expenditure and how it changed based on the macroeconomic conditions. What was the intent of your fiscal policy decisions in response to the given economic climate? Evaluate your fiscal policy decisions, including how they impacted key macroeconomics factors such as real GDP growth and unemployment. To what extent did your policies yield positive or negative outcomes? Refer to the AD/AS model to support your analysis in this section of your report.

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Q: n the AS/AD model of the economy, fiscal policy aims to shift which curve?

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A:

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Q: Suppose an economy is hit by a recession and people’s income fall. a) Show graphically using AD-AS…

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Q: The Focus box “Can a Budget Deficit Reduction Lead to an Output Expansion? Ireland in the 1980s”…

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Q: Using AD/AS analysis, critically evaluate the problems economic policy makers may face in response…

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