Please follow the following report structure. I wish you all the best! 1. Do you expect any differences in the effect on the economy of corporate and income taxes? Why or why not? Which one affects aggregate demand, and which one affects aggregate supply? - Find some literature/articles to substantiate your answer - Provide explanation in your own words - The answer to this question will serve as a guide for your choice of fiscal policies to answer the rest of the questions. 2. How do you better control inflation: through monetary policy, or through fiscal policy? Why do you think this is the case? (200 words). - Test monetary policy - Explain what decision you will take and why - screenshot of your decision - screenshot of result - Explain why you got that result using AD-AS graph - Test Fiscal policy - Explain what decision you will take and why. Focus on which fiscal instrument you will use. - screenshot of your decision - screenshot of result - Explain why you got that result using AD-AS graph - Compare the two results. Comment on which one was more effective and why? 3- Which policy has a stronger effect on growth: monetary policy or fiscal policy? Why do you think this is the case? Which fiscal instrument(s) have a stronger effect compared to others? Are those results in line with your expectations? (200 words). - Test monetary policy - Explain what decision you will take and why - screenshot of your decision - screenshot of your decision - screenshot of result - Explain why you got that result using AD-AS graph - Test Fiscal policy - Explain what decision you will take and why. Focus on which fiscal instrument you will use. - screenshot of your decision - screenshot of result - Explain why you got that result using AD-AS graph - Compare the two results. Comment on which one was more effective and why? 4- When you want to consolidate the budget, which one is more effective: cutting expenditures or increasing taxes? Is this what you expected? (200 words). - Test cutting expenditure - Explain what decision you will take and why - screenshot of your decision - screenshot of result - Explain why you got that result - Test increasing taxes - Explain what decision you will take and why. Focus on which fiscal instrument you will use. - screenshot of your decision - screenshot of result - Explain why you got that result - Compare the two results. Comment on which one was more effective and why? For the why you may need to substantiate with some literature. 5- Reflection: Do you have any additional insights? If you were the Minister of Economy, which policies would you recommend and why? (200 words). Summary of all the different options you tried and what would you recommend in terms of policy.