Reference no: EM1325714

Fiscal policy, its limits, and its impact on the overall eco

What's the fiscal policy? Which factors limit its effect ( i.e. crowding out, the impacts of financing government's spending) . Why you would advocate either expansionary or contractionary policy under recession, and growth. Please discribe your position on expansionary policy and Contractionary policy. If niether, why? Describe the intended impact of the policy on the consumer, business, and the economy overall.