Problem
City Council Scenario: The Federal Government is developing a plan to help the nation's economy. There are some calling for Expansionary Fiscal Policies, while others are in favor of Expansionary Monetary Policies. Prepare a response to help the townspeople understand the plans being presented at the Federal Level.
a) Contrast Expansionary Fiscal policies and Expansionary Monetary policies.
b) Explain the effect of Fiscal and Monetary policies on the economy.
c) Discuss the drawbacks of not using any policies to help the economy.