Homework 9 (Due Monday, March 11th in class)

Students,

For homework, print out Module 66 PowerPoint presentation and add it to your lectures notes. Review the Power Point presentation for Module 66 and answer the following questions. 

1.) Discuss at least three sources of government tax revenue in 2007 in the U.S. 

2.) In 2008, what were the top three highest percentages of total government spending in the U.S.? 

3.) Define social insurance and provide three examples. 

4.) Discuss expansionary fiscal policy steps. Would expansionary fiscal policy be used during a recession or expansion period? Discuss. 

5.) Is E. F. P. used to increase or decrease the AD curve? 

6.) Discuss contractionary fiscal policy steps. Would contractionary fiscal policy be used during a recession or expansion period? Discuss. 

7.) Is C. F. P. used to increase or decrease the AD curve?