Solved by verified expert:Title: Impact of fiscal and monetary policies on employment, income and price level.a. Students can use macroeconomic models. When do weemploy expansionary monetary and fiscal policies? Evaluate impact of the expansionary monetary and fiscal policies on the price level, employment and GDP.c. When do we employ contractionary monetary and fiscal policies? Evaluate impact of the contractionary monetary and fiscal policies on the price level, employment and GDP.
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