Suppose you are a senator who represents a region where many businesses and homes have been destroyed by a natural disaster. Write a speech that advocates spending federal dollars on public works projects and providing governmental incentives for investment in the region as good fiscal policy

answer: Fiscal policy is what the government employs to influence and balance the economy, using taxes and spending to accomplish this. Fiscal policy tries to nudge the economy in different ways through either expansionary or contractionary policy, which try to either increase economic growth through taxes and spending or slow economic growth to cutback inflation, respectively. Basically, fiscal policy intercedes in the business cycle by counteracting issues in an attempt to establish a healthier economy, and uses two tools - taxes and spending - to accomplish this.  

Fiscal policy is often utilized alongside monetary policy, which involves the banking system, the management of interest rates and the supply of money in circulation.  

The main goals of fiscal policy are to achieve and maintain full employment, reach a high rate of economic growth, and to keep prices and wages stable. But, fiscal policy is also used to curtail inflation, increase aggregate demand and other macroeconomic issues.  

In expansionary fiscal policy (which is the most common method employed), the government implements policies that can increase or decrease taxes, spend money on projects to stimulate the economy and increase employment, or increase productivity levels in the economy.  

Fiscal policy developed out of the Great Depression, which ended the laissez-faire approach to economic management, and began a means of monitoring and influencing macroeconomics through government intervention.  

To this extent, fiscal policy is designed to try to keep gross domestic product growth at an ideal 2% to 3%, natural unemployment at around 4% to 5%, and inflation at a target rate of around 2%.  

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answer; (b) capitalism;

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