Questions We Can Help You To Answer

Paper instructions:

Chapter 11
Question 7: Chapter 11 shows that increased government purchases, with taxes held constant, can eliminate a recessionary gap.  How could tax cuts achieve the same result?  

Question 9: What did classical economists assume about the flexibility of prices, wages, and interest rates?  What did this assumption imply about the self-correcting tendencies in an economy in recession?  What disagreements did Keynes have with classical economists?

Chapter 12 
Question 2: Why does the budget require a forecast of the economy?  Under what circumstances would actual government spending and tax revenue fail to match the budget as approved?

Question 5: What has happened to the federal debt since 2008 as measured relative to GDP?

References:
McEachern, W. A. (2015). ECON microeconomics (Rev. 4th ed.). Stamford, CT: Cengage Learning.