Would expansionary or contractionary fiscal policy would seem to be most appropriate in response to each of the situations below and describe/sketch a diagram using aggregate demand and aggregate supply curves to help explain: a. A recession. b. A stock market collapse that hurts consumer and business confidence. c. Extremely rapid growth of exports. d. Rising inflation. e. A rise in the natural rate of unemployment. f. A rise in oil prices.
Would expansionary or contractionary fiscal policy would seem to be most appropriate in response to each of the situations below and describe/sketch
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