Be sure to carefully read each question to ensure that each component is answered with the appropriate depth and detail. Your answers should be free of spelling and grammar errors. When you use reference material, you must properly cite your sources by using in-text citations. You must also include a reference list. All documentation must be rendered in APA citation style (see announcements for details on APA). Please follow the guidelines below to locate at least (2) resources for your essay: Answer the following questions for your essay:(750-1000 words) Begin by explaining fiscal policy. Describe expansionary and contractionary fiscal policies. Identify the situations in which expansionary fiscal policy and contractionary fiscal policy would be used. Provide examples of fiscal policy being used in both the past and present day. Examine any downsides to fiscal policy such as fiscal lags, the impact on the national debt or other issues.