questions 5-7

5. List and explain the false concerns about the public debt, p. 278/674=660. 6. Complete # 3 a&b of Problems at the end of the chapter p. 284/680=666. 7. Describe the composition of the U.S. public debt related to domestic & foreign holdings. 11:47 Expert Q&A Done In Microsoft Word type your answer and insert your graph to complete this assignment. 1. Explain the impact of the lump sum tax through the use of an MPS of 175 and 1/4 on the domestic economy 2. Graph the difference between the inflationary & recessionary gaps. 3. Explain the difference between discretionary versus nondiscretionary fiscal policy. 4. List the timing problems of fiscal policy, p. 274/669=656 5. List and explain the false concerns about the public debt, p. 278/674=660. 6. Complete # 3 a & b of Problems at the end of the chapter p. 284/680=666. 7. Describe the composition of the U.S. public debt related to domestic & foreign holdings