A narrative or descriptive essay on the following questions please.
1. If you were the leader of your country and you had control of fiscal and monetary policies, what would you likely do with the use of fiscal and monetary policies before the next general election?
2. If the federal government wished to reduce the deficit to any significant degree without raising taxes, where would the reduced spending likely to have to come from?
3. How can the loan decisions of individuals and private bakers contribute to the instability in the macro economy (the business cycle)? Otherwise state, how can an uncontrolled banking system destabilize the economy?