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Prior to beginning work on this discussion,Read Chapters 9, 11 and 12 of Macroeconomics: Private and Public Choice.There are two parts to this discussion.Part 1In your own words define and explain fiscal policy. List the pros and

Prior to beginning work on this discussion,Read Chapters 9, 11 and 12 of Macroeconomics: Private and Public Choice.There are two parts to this discussion.Part 1In your own words define and explain fiscal policy. List the pros and

Prior to beginning work on this discussion,

  • Read Chapters 9, 11 and 12 of Macroeconomics: Private and Public Choice.

There are two parts to this discussion.

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.

Note: when possible, select a different example than those already posted by a fellow classmate.

Your initial response should be a minimum of 200 words. Graduate school students learn to assess the perspectives of several scholars. Support your response with at least two scholarly and/or credible resources in addition to the text.