Problem
1. What arguments should be considered in assessing the burden that government debt imposes on future generations?
2. How can government increase the quantity of aggregate output demanded by changing government spending and taxes? Why does the multiplier for spending changes differ from that for tax changes?
3. How does a supply-side analysis of the effects of a tax cut differ from one that focuses solely on aggregate demand?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.