Identify key differences between the private sector and government.

Micro Economics.
December 25, 2020
What are the different “communication models” for the EPG and what are the benefits and/or limitations of each?
December 25, 2020

1.       Identify key differences between the private sector and government.

2.       Describe the short-term impacts of increased government spending, and use the multiplier effect to calculate the effect of fiscal stimulus.

3.       Summarize the limitations of using increased government spending to stimulate growth.

4.       Discuss the ways that changes in tax rates affect the economy.

5.       Explain how the budget deficit affects the economy in the short run and in the long run.

6.       Describe the short term impacts of increased government spending, and use the multiplier effect to calculate the effect of fiscal stimulus.

7.       Summarize the limitations of using increased government spending to stimulate growth.