Define what is meant by expansionary fiscal policy and what

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Reference no: EM13454415

Write a 2 - 3 page paper that identifies and explains a current controversy concerning the US federal budget and fiscal policy.

In your paper:

1) Explain the US federal government's budget cycle.

2) Define what is an expansionary fiscal policy and what is a contractionary fiscal policy.

3) Explain how government spending or taxation policy can be used to increase GDP?

4) Explain how this policies might affect you.

Reference no: EM13454415

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