Scenario 3: The nation is currently experiencing a period of rising prices. Inflation

Scenario 3: The nation is currently experiencing a period of rising prices. Inflation is making consumer goods increasingly difficult to afford as wages have remained constant. As a member of Congress, what changes would you suggest to fiscal policy to balance the budget and indirectly address inflation? Suggest at least two specific changes to revenue and expenditures.

What are the benefits and opportunity costs of the changes you propose? Consider the impact on economic growth, price stability, and unemployment.

Are the proposed policies contractionary or expansionary? Explain.