1) Why is the (absolute value of the) tax multiplier always smaller than the government spending multiplier inour class?

2) Do economists generally support requiring the Federal budget be balanced(Spending equals Tax revenue) each year?Why or Why Not?

3) What are ways that governments are different than households? How do these differences result in needing to treat government deficits differently than households being in debt?

4) In Arendelle, inflation is expected to be lower than Weselton. Assuming the two countries are the same in every other way, in which country will expansionary Fiscal Policy increased GDP the most?WHY?

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