Question
Please help with this homework: There are three related to CH 12 Fiscal Policy. If you provide some numbers to support your opinion, please cite
Please help with this homework:
There are three related to CH 12 Fiscal Policy. If you provide some numbers to support your opinion, please cite the source of reference.
1.In the Keynesian view, would a constitutional amendment that would require the federal government to balance its budget (incur no deficit) be desirable? Explain your answer.
2.In some developing countries, you can see modern airports, huge government buildings, and the new highway system around the capital city. However, those countries' real GDP is still low. Would you provide the possible reason(s) to explain why the expansionary fiscal policy does notwork in those countries?
3.How do you expect the possible impacts of high-speed railway construction between Houston and Dallas on the Texas economy? Please choose either the classical model or the Keynesian model to explain your answer.
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