Question: QUESTION 5 [20 marks]. Answer the following questions about the fiscal policy: a. How does the amount of time passed between a decrease in current

QUESTION 5 [20 marks].

Answer the following questions about the fiscal policy:

a. How does the amount of time passed between a decrease in current taxes and a future rise in taxes determine the weight of future tax burden?

b. How does the policy of running a deficit during recessions and a surplus during booms help stabilize the economy?

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