Compare and contrast the use of government spending changes versus tax changes as a means of influencing the course of the economy. Is one or the other preferable in specific situations?

Compare and contrast the use of government spending changes versus tax changes as a means of influencing the course of the economy. Is one or the other preferable in specific situations?

• Compare and contrast the use of government spending changes versus tax changes as a means of influencing the course of the economy. Is one or the other preferable in specific situations?

The Federal Reserve uses monetary policy to

print money. create money. increase taxes. increase government spending. force banks to loan money.

If the price elasticity of demand for restaurant meals is less than 1, will total spending on them rise or fall if the wage of waiters falls? [15 points]

• Interpret recessionary and expansionary gaps within the economy.
• Explain the inter-workings of fiscal policy tools.
• State how taxation and government spending works.

If you are retired and not working, what are 3 ways you could generate cash for your spending needs? What are the tax considerations for each option?

Respond to the following questions about the economic environment (in Florida, USA) in essay format.

• How stable is the current economy? Is it growing, stagnating, or declining?
• Are key exchange rates stable, or do they tend to vary significantly?
• Are customers' levels of disposable income rising or falling? How is this likely to change in the next few years?
• What is the unemployment rate? Will it be easy to build a skilled workforce? Or will it be expensive to hire skilled labor?
• Do consumers and businesses have easy access to credit? If not, how will this affect your organization?
• How is globalization affecting the economic environment?
• Are there any other economic factors that you should consider?