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What is expansionary fiscal policy

Assignment:

What is expansionary fiscal policy? What gap is the economy experiencing when expansionary fiscal policy is used? What is contractionary fiscal policy? What gap is the economy experiencing when contractionary fiscal policy is used? What type of fiscal policy (expansionary or contractionary) do you think the President and Congress are currently enacting? Explain your reasoning. Around 200 words.

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Microeconomics: What is expansionary fiscal policy

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