read the article and answer the economic questiones 1

/in /by

1) What is the main idea/argument of the article?
2) Why is fiscal policy preferable to monetary policy in this situation, according to the article?
3) What are the potential problems with using fiscal policy in this situation?
4) Which of the macroeconomic schools of thought that we discussed does this article relate to
most? Why?
5) Using the AD-AS model, graphically show how fiscal policy would affect the economy if
used in this situation.

and one quick question:In one sentence, explain how the AD-AS model shows that fiscal policy is an effective tool against contractions in the business cycle.

 
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