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Group Description Read the article on proposed payroll tax cuts found at this link https://www.seppconsulting.com/post/payroll-tax-cuts and within your groups, answer/ discuss the following questions by

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Group Description Read the article on proposed payroll tax cuts found at this link https://www.seppconsulting.com/post/payroll-tax-cuts and within your groups, answer/ discuss the following questions by alluding to the article and relevant course readings. Do this in blog response style (where subsequent contributors are both answering the question but also responding to what earlier contributors have said): 1. Chapter 11 looks at government intervention to help the assumedly slow adjusting process of market mechanisms whenever there is a recessionary or inflationary gap. Explain what this type of intervention is called more generally. 2. The article written early in March of 2020 discusses why such policy interventions might be helpful. What does this suggest was the current economic situation in the country at the time in economic terms? How would such policy, at least in theory help to address the situation? 3. The author points to two potential problems associated with the proposed payroll tax cuts being put in place to address the problem. Discuss these problems and argue whether you think they are valid or not

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