Q. A stock market boom increases value of stocks held by households. Illustrate what kind of gap-inflationary or recessionary-will economy face after shock and illustrate what type of fiscal policies would help move economy back to potential output?
Q. A number of specific tax provisions passed Congress and were enacted into law in 2008. Assume that you were a prospective candidate for Congress in 2008. Write a brief essay describing changes and elucidating why y are good or bad.