L2

1. Choose a country other than the United States and investigate what recent fiscal policy actions have been implemented in the particular countrys economy. (Remember that fiscal policy consists of changes to government spending and/or taxes in order to affect the economy.) When researching, focus on fiscal policy actions taken within the last decade. 2. Then in a written response of a minimum of 150 words do the following: 1. Describe in your own words what specific fiscal policy action the government took and why they may have taken the action. 2. Connect the fiscal policy action you described to the aggregate demand/aggregate supply (AD/AS) model. 3. Given what youve learned in class, show the effect this policy would have on the economys AD/AS graph (you should show how the AD curve would shift to the left or to the right). 4. How would the economys price level and GDP be affected? Part 2 1. Choose any idea, concept, or issue covered in class from any point in the semester. 2. Compose a written response containing a minimum of 150 words where you explain what you have learned related to the idea, concept, or issue you choose, as well as why you see it as being useful and valuable information to know. 3. Possible questions to help you in your thinking include: 1. How does the idea, concept, or issue you have learned make you more informed about current events? 2. How might you apply the knowledge to understanding the real world? 3. How might the knowledge be useful in your everyday life, studies, or career?