Discuss a government facing an upcoming election

Reference no: EM133243193

Assignment:

1. Compare an economy with a vertical ERU curve with an otherwise identical economy with a downward-sloping ERU curve.

2. Briefly explain how these economies differ.

3. Consider a government facing an upcoming election. Does a downward-sloping ERU curve affect the policy maker's incentive to be fiscally disciplined ahead of an election?

Reference no: EM133243193

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