Question
You have just completed your seven-year term as the chief economic policy advisor responsible for managing the economy of a nation. You are expected to
You have just completed your seven-year term as the chief economic policy advisor responsible for managing the economy of a nation. You are expected to develop report for the incoming administration. In this outgoing report, you will summarize your macroeconomic policy decisions and the economic outcomes for the nation.
Taxation Policies:
Explain your intent for the taxation policy decisions you made over your seven-year term. What were the macroeconomic principles or models that influenced your decision making?
Identify the impact of your changes to the income and corporate tax rates. How were consumption and investment affected by your tax-policy decisions? Explain these dynamics using specific macroeconomic principles from the course reading.
Compare and contrast the impact of your tax policy decisions with those of current or historical examples in the United States. What do these examples demonstrate about the validity of macroeconomic models?
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