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What are ways that governments are different than households? How do these differences result in needing to treat government deficits differently than households being in
- What are ways that governments are different than households? How do these differences result in needing to treat government deficits differently than households being in debt?
- Do economists generally support requiring the Federal budget be balanced(Spending equals Tax revenue) each year?Why or Why Not?
- When would Fiscal Policy be the most effective at increasing output?Why?List as many examples as you can.
- What is the formula for Government Savings (S_g)?
- When would Fiscal Policy be the most effective at increasing output?Why?List as many examples as you can.
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