1. What are some examples of the types of taxes levied by the federal government? Now give some examples of some of the purposes of these taxes. 2. Now consider some of the types of taxes levied by state and local governments. What are some of their purposes? 3. What are some of the approaches John Maynard Keynes recommended to spur economic growth during economic downturns? 4. What alternative method(s) does supply-side economics advocate for to spur economic growth? 5. Identify one or two tools that the Federal Reserve may use to stabilize the economy.

1. What are some examples of the types of taxes levied by the federal government? Now give some examples of some of the purposes of these taxes. 2. Now consider some of the types of taxes levied by state and local governments. What are some of their purposes? 3. What are some of the approaches John Maynard Keynes recommended to spur economic growth during economic downturns? 4. What alternative method(s) does supply-side economics advocate for to spur economic growth? 5. Identify one or two tools that the Federal Reserve may use to stabilize the economy.