Overall impact of fiscal policy on economy

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Part 1

In your own words define and explain fiscal policy. List the pros and cons for the fiscal policy you selected. Include supply-side economics in your explanation. As you think through your answer, remember the government may exercise expansionary or restrictive fiscal policy.

Part 2

Research one specific real-life example of a fiscal policy and explain its overall impact on the economy. In your example, discuss any political influences.

Sample Solution

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