Question
1. Compare and contrast automatic versus discretionary fiscal policy. 2. What is government debt? What are the major problems an economy encounter when the amount
1. Compare and contrast automatic versus discretionary fiscal policy.
2. What is government debt? What are the major problems an economy encounter when the amount of government debt becomes excessively large? Use the experience of Greece or other countries to further explain your answers.
3. Could an economy reduce unemployment by allowing the inflation rate to rise? Explain your answer with a diagram.
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Intermediate Microeconomics and Its Application
Authors: Walter Nicholson, Christopher M. Snyder
12th edition
978-1133189022, 1133189024, 1133189032, 978-1305176386, 1305176383, 978-0357687000, 978-1133189039
