When do we employ expansionary monetary and fiscal policies? Evaluate the impact of the expansionary monetary and fiscal policies on the price level.

3rd report
Title: Impact of fiscal and monetary policies on employment, income and price level.
a. Students can use macroeconomic models in chapters 11, 12 and 13.
b. When do we employ expansionary monetary and fiscal policies? Evaluate the impact of the expansionary monetary and fiscal policies on the price level.
c. When do we employ contractionary monetary and fiscal policies? Evaluate the impact of the contractionary monetary and fiscal policies on income, unemployment rate and the price level.

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