Describe the fiscal policy action that is discussed

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Reference no: EM133328399

Assignment: Now is the time to think like an economist! You will use your newfound knowledge of fiscal policy and economics to examine a current national fiscal policy issue or action. The decisions that Congress makes regarding fiscal policy can and will affect you on a practical level throughout life. Being aware of and considering these fiscal policy actions will help you make better, more rational choices.

Question A-Respond to the following questions regarding fiscal policy in complete sentences:

Define fiscal policy. Include the goals and tools of fiscal policy and the entity that controls it.
Should Congress make a law mandating a balanced federal budget? Support your position with evidence from the lesson.

Question B-Scan reputable news sites for recent articles relating to fiscal policy from within the last month. For example, you might find that Congress is currently debating a new spending bill or just agreed to a tax cut. Once you find and read the article, fill in the requested information and respond to the four questions that follow in complete sentences.

Describe the fiscal policy action that is discussed in the article, including its status (such as under debate, approved, or rejected).
Would the fiscal policy action discussed in the article promote price stability, full employment, and/or economic growth? Explain.
Would the fiscal policy action discussed in the article, if approved, contribute to creation of a budget surplus or a budget deficit? Would this likely increase, decrease, or not affect the national debt? Explain.
Do you approve or disapprove of the fiscal policy action described in the article? Explain your response and identify at least one tradeoff for your choice.

Reference no: EM133328399

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