Assignment
1. This assignment should be completed in Essay Format. It should include an introductory paragraph with a thesis statement, a body, and a concluding paragraph.
2. The essay should be at least 1,000 words in length and cite at least three academic references as well as your textbook.
1. Be sure to carefully read each question to ensure that each component is answered with the appropriate depth and detail. Your answers should be free of spelling and grammar errors.
2. You must cite your sources by using in-text citations. You must also include a reference list.
3. Please follow APA format.
Fiscal Policy - Theory and Implementation
Discuss the economic basis for Fiscal Policy and the tools for its application. Your answer should include the following elements:
• What economic circumstances gave rise to the Keynesian approach to understanding the workings of the economy?
• What are the principal differences between the Keynesian and Classical approaches to understanding the workings of the economy?
• What economic challenges is Fiscal Policy designed to address?
• What are the tools used in implementing Fiscal Policy?
• What are the challenges inherent in ensuring that Fiscal policy is effective?