1.Older Adults Relying on Income from Their Past Savings. Explain why older adults relying on income from their investments might want to have an increase in long-run government spending for its...

1.Older Adults Relying on Income from Their Past Savings. Explain why older adults relying on income from their investments might want to have an increase in long-run government spending for its effects on financial markets.

2. Tax Increases and Crowding In. Using an aggregate demand and aggregate supply graph, show how tax increases for consumers today will eventually lead to lower interest rates and crowd in investment spending in the long run.