Identify the effects of fiscal policy and monetary policy in recession period. Why does macroeconomics systematically fail to predict crises? What are some examples of macroeconom

Instructions:

Please write 3 paragraphs response to each question listed below. All sources used must be posted for each question with the author’s names, title of the article/book, the name of the publication, page, and the year of the publication. Do not use sources older than 5 years. Please do not copy and paste. You must write your own response. This is a comprehensive assignment. It will take time to answer all questions. Be organized, first write the question and then the response.

Answer all questions below:

1. Identify the effects of fiscal policy and monetary policy in recession period.
2. Why does macroeconomics systematically fail to predict crises?
3. What are some examples of macroeconomic drivers?
4. What is macroeconomic disruption? What are the causes of macroeconomic disruption?
5. What is economic growth in macroeconomics?
6. What is gross national income? Is it related to purchasing power parity?
7. What factors can affect the full employment, in classical macroeconomic models?
8. What is an example of a successful macroeconomic policy implemented by a government?
9. What are the three goals of Macro Economics and how are they measured?