1. List and explain the 3 Fiscal Policy tools coveredthat apply to fixing recession, and indicate the one that you wantto use to attack the recession problem?
2. Explain why you selected this tool and not theothers.
Consider the pros and cons of each of the3 tools and tell me why you picked the one you picked and why youdid not pick the other option(s).
3.
Explain how your tool would solvethe recession problem and what effects your solution wouldhave
on at least five key economicvariables.
——–BE SPECIFIC! I WANT TO SEE THE DETAIL. USE THEWHAT HAPPENS NEXT APPROACH!
Explain how yourchoice of tools would work to solve the problem of recession. Startwith the implementation of your tool and then list step by stepwhat happens next, until you arrive at the appropriate impact onGDP. Be sure you provide the detailed step by step flow.
Using that approach allows the list the key economicvariables and how each would be affected, to pop rightout. . . .