For more course tutorials visit www.uophelp.com Week 5 Final Paper In an effort to move the economy out of a recession, the federal government would engage in expansionary economic policies. Describe the actions the government would take in conducting expansionary fiscal policy and expansionary monetary policy. Expansionary Fiscal Policy: Review Chapter 7: Classical Macroeconomics and the Keynesian Challenge and Chapter 9: Taxes, Government Spending, and Fiscal Policy. Explain the actions the federal government would take while engaging in expansionary fiscal policy in terms of the following: The necessary change in taxes and government spending, The effect on aggregate demand, GDP, and employment. Final Paper Expansionary Monetary Policy: Review Chapter 12: Banking and The Federal Reserve System and Chapter 14: Monetary Policy In Theory And Practice.