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Government spending changes versus tax changes

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Reference no: EM133377896

Based upon the video, "Fiscal Policy and Stimulus," discuss the following:

Compare and contrast the use of government spending changes versus tax changes as a means of influencing the course of the economy. Is one or the other preferable in specific situations?

What are the short-run and long-run implications?

What solutions do you recommend?

What would a Neoclassical economist say about your solutions?

What would a Keynesian economist say about your solutions?

Apply economic theories and models to support your response.

 

Reference no: EM133377896

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