Conservatives favor a lesser role for government in the economy, whereas liberals favor a greater role. How would each of these groups feel about a fiscal policy that increases government purchases and income transfers? Fiscal policy that reduces taxes? Monetary policy that reduces interest rates?
Answer to relevant QuestionsDiscuss cost-benefit analysis. What are the benefits of crime prevention? What are the costs? Are all the benefits and costs easily measurable? What should we do when costs or benefits are not quantifiable? Should we base ...What do you think is the appropriate level of government to deal with pollution? Does it matter what type of pollution we are considering? Why? Do you believe in trickle-down philosophy? Should the Social Security tax be overhauled to reduce its regressivity? Why or why not? How might this be done? How might the U.S. government encourage greater research and development? How would R&D benefit the economy?
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