Assignment
Using the 10 Year period of economic history between 1970- 1980 (the period of the great inflation). Use the observation of this 10-year period and research the fiscal policies implemented during those years. Specifically, the following critical elements must be addressed:
• Examine the fiscal policies in place at the start of your specific time period in relation to their effects on macroeconomic issues. For instance, consider level of government spending, taxation, subsidies, unemployment benefits, and so on.
• Analyze new fiscal policy actions undertaken by the U.S. government throughout the time period by describing their intended effects, using macroeconomic principles to explain the actions.
• Explain the impact of the new fiscal policy actions on individuals and businesses within the economy by integrating the macroeconomic data and principles.