Tax Rates, Open Market Operations and the Relationship Between Deficits and the National Debt
describe the pros and cons of using a change in the tax rate to achieve the desired increase in output. Be sure to thoroughly describe how the change will affect equilibrium prices, output, and unemployment.
describe the pros and cons of using a change in open market operations to achieve the desired increase in output. Be sure to thoroughly describe how the change will affect equilibrium prices, output, and unemployment.
Describe the relationship between deficits and the national debt, and how each relates to the health of the economy.