1. Will increases in government spending financed by borrowing help promote a strong recovery from a severe recession? Why or why not? 2. Are changes in discretionary fiscal policy likely to be...

1. Will increases in government spending financed by borrowing help promote a strong recovery from a severe recession? Why or why not?

2. Are changes in discretionary fiscal policy likely to be instituted in a manner that will reduce the ups and downs of the business cycle? Why or why not?

May 26, 2022