1- Whywouldn'tinvestment and savings flows at full employment always be equal?

2- Why was PresidentObamaso concerned about the economy at the outset of his presidency?

3-How can you tell if the economy is in equilibrium?How could you estimate the GDP gap?

4- WhenBarackObamawas campaigning for president in 2008, he proposed more government spending paid for with higher taxes on "the rich." What impact would those options have on macro equilibrium?

5- What is considered "too much" debt or "too large" a deficit?Are you able to provide any guidelines for deficit or debt ceilings?

6- Which of the following option do you favor for resolving future Social Security deficits?What are the advantages and disadvantages of each option?

aCutting Social Security benefits

bRaising payroll Taxes

cCutting non Social Security programs

dRaising income taxes