Choose one of the three questions posed below and provide a 300-word minimum response. Please read the prompt carefully and make sure you address every part of it in your response.
What is fiscal policy? What effect does it have on the economy? What effect does the economy have on the budget? Why is it important to estimate likely levels of economic growth? Can you provide a case from your personal experience in which you have seen the effect of fiscal policy on the economy?
How is top-down budgeting different from bottom-up budgeting? Which of these methods is more widely accepted? What have been some of the attempts to reform bottom-up budgeting?
What is contracting out? Weigh the advantages and disadvantages of contracting out. Do you think that the advantages outweigh the disadvantages? When would contracting out NOT be advantageous?