1. Explainthe possibledemand-sideconsequences of an increase in taxation on corporations and individuals in the US.

References:

https://www.economicshelp.org/blog/145810/economics/the-impact-of-taxation/

https://www.taxpolicycenter.org/briefing-book/how-do-taxes-affect-economy-short-run

https://www.taxpolicycenter.org/briefing-book/how-do-taxes-affect-economy-long-run

1. Evaluatethe view that a US Government policy of deficit reduction through lower government spending is unnecessary and undesirable.

References:

https://www.cbsnews.com/news/government-deficits-the-good-the-bad-and-the-ugly/

https://www.heritage.org/budget-and-spending/report/the-impact-government-spending-economic-growth