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Government: taxes, spending & fiscal policy — Homework
Government: fiscal policy, taxes, deficits.
- 1.Classify each as fiscal or monetary: a payroll-tax cut; a rate hike; a highway bill.
- 2.Define deficit vs debt in one line each.
- 3.Why might a government run a deficit on purpose in a recession?
- 4.What does interest on the debt crowd out?
- 5."Tax something, get less of it." Give an example and a policy that uses this on purpose.
🌲 Homeschool for the FutureTwelfth Grade · History · week 30 homework