36. After you have studied Reading Between the Lines on pp. 340341 answer the following questions. a.

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36. After you have studied Reading Between the Lines on pp. 340–341 answer the following questions.

a. What were the key proposals of Republicans in Congress for restoring the U.S. economy to full employment. Describe them.

b. Explain why holding the line on taxes and cutting government spending might be more effective than increasing government spending. Draw a graph to illustrate your answer.

c. Explain why an increase in government expenditure could be counterproductive in the economic climate of 2010 and 2011. Draw a graph to illustrate your answer.

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Parkin Macroeconomics

ISBN: B0070OLVAC

10th Edition

Authors: Michael Parkin

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