4 Economics assignment.

Instructions

Only provide your opinions when specifically called for. In all other cases your answer(s) should rely on the text and module materials and not on the internet, showing your capacity to apply the appropriate economic principles and concepts correctly.

Are contractionary and expansionary fiscal policies economic or political or both? Explain. What is discretionary fiscal policy? Under what economic circumstances are expansionary and contractionary policies best used?

Grading Rubric:

Criteria	Not Evident 0%	Developing 55%	Proficient 80%	Distinguished 100%	Weight
Are contractionary and expansionary fiscal policies economic or political or both? Explain.					25
What is discretionary fiscal policy?					30
Under what economic circumstances are expansionary and contractionary policies best used?					35
Articulation of response (citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas.)					10
				Total:	100%