Briefly describe the role of fiscal policy in managing the Australian macroeconomy. Should fiscal policy be used to actively stabilize the business cycle?

Briefly describe the role of fiscal policy in managing the Australian macroeconomy. Should fiscal policy be used to actively stabilize the business cycle? Order Description   [We are happy to read arguments in either direction, and may be even happier to read a balance of arguments, but remember your word limit of 500. You must not cross the word limit.] Use reference from google scholar Length (excluding reference list but including footnotes): 500 words. Since economics writing often includes graphs or diagrams, we will allow you two graphs or diagrams that do not count towards the word limit. Further graphs or diagrams will be counted as the minimum of: 25 words or the actual word content. There is no requirement to use diagrams, and they should only be used if they help you make your argument. Formal Writing: treat this as a compact formal writing exercise, somewhere on the spectrum between business writing and academic writing 500 words is not a lot of space. Keep introductions and conclusions brief. The topic calls for “specific examples”. You probably have space to develop between one and three themes. If you choose to develop just one theme, then you do have room for a bit of depth in developing it. If you choose three, the challenge will be to write concisely enough to avoid being too superficial. No need for headings, but they can be used and they may be a word?efficient way of introducing a particular theme.