Compare and contrast the use of government spending changes versus tax changes as a means of influencing the course of the economy. Is one or the other preferable in specific situations? What are the short-run and long-run implications? What solutions do you recommend? (You may utilize the Federal Reserve Bank of St. Louis' Economic Lowdown Podcast, "Fiscal Policy"Fiscal Policy Economic Lowdown Podcast Transcript.docx

Download Fiscal Policy Economic Lowdown Podcast Transcript.docx

as a refresher. Think beyond the scope of the podcast and keep it to economical thought.) What would a Neoclassical economist say about your solutions? What would a Keynesian economist say about your solutions?