Assignment:
During recent political campaigns, taxes and budget policy were key issues. White House budget packages are often designed to stimulate economic growth. From the library or from www.whitehouse.gov, obtain a current summary of government spending and tax legislation signed by the president.
• Write a brief description of the fiscal policy of the United States.
• Would you describe it as "expansionary" or "contractionary"?
• How can American consumers influence decision makers on fiscal policies?
• Explain and discuss if and how this has changed over the past 5 years.
• Post your response on the Discussion Board. Comment on other postings.
Details: As an economist, you have been asked to address a meeting of a group of international professionals to explain the differences between microeconomics and macroeconomics and to provide real-world examples. Please create a PowerPoint presentation of 5-10 slides including, but not limited to the following:
• the main differences between microeconomics and macroeconomics
• an example of each phenomenon
• a description of a microeconomic decision you made, and the factors that contributed to your decision
• a description of a specific macroeconomic phenomenon or event and how it has impacted you