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Discuss Musgraves functions of government. Discuss the impact of a countercyclical fiscal policy on spending and tax when the economy experiences a recession. Outline and

Discuss Musgraves functions of government.

Discuss the impact of a countercyclical fiscal policy on spending and tax when the economy experiences a recession.

Outline and explain the spending and tax decision a government will take in an economy that is growing too fast, or overheating.

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