Explain the tools used to pursue expansionary and contractionary fiscal policy. During which phases of the business cycle would each be appropriate?

Explain the tools used to pursue expansionary and contractionary fiscal policy. During which phases of the business cycle would each be appropriate? b) Explain what is meant by a built-instabilizer and give two examples.; The Australian dollar fell against the U.S dollar to its lowest value in the last month. As a; student of economics explain to your friends how Australian dollar is determined by various; factors in the market and provide your opinion about what might be the best way to increase; the dollar value in future. Provide evidence to support your opinion.; ; To do the above activity, you need to read relevant chapters in your text book to get; theoretical/conceptual understanding of the subject matter and read outside the textbook/Study; Modules to examine the Australian case. These readings may include published research; papers/articles, reports, reviews in the media and any other materials published with authority.; In borrowing/extracting the ideas from other sources, you must properly acknowledge it. This; means that you need to prepare a list of references at the end of Essay question.;

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