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? (Think beyond the scope of the video and keep it to economical thought.) 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

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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  • 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? (Think beyond the scope of the video and keep it to economical thought.)
  • 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
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