Discuss and draw the effectiveness of fiscal policy in the three-zone IS-LM model. In discussion, state how the crowding-out effect differs in three regions

Consider the following model: Y=C+I+G, C=c(Y-T), I=i(Y,r) Analyze the effects of expansionary and contractionary fiscal policies and indicate them on a graph.

For each of the following scenarios, determine which time lag is most likely to result when designing and implementing fiscal policy. a. The separation of power demonstrated between the legislative and executive branches of government combined with strong partisanship attitude among our elected politicians. . . . . b. The fact that it takes economists working for the National Bureau of Economic Research months to declare the dates of peaks and troughs. . . . Recognition lag Legislative lag Implementation lag All of these lags c. The time it takes to design and build new infrastructure after these projects have been passed by the legislature. Recognition lag • Legislative lag . Implementation lag All of these lags . Recognition lag Legislative lag Implementation lag . All of these lags

How did the US use countercyclical fiscal policy as a recovery tool during the stock market crash of 2008?