31 Aug Economic Summary Report
Fiscal Policy: Taxation
- Explain the intent of the taxation policy decisionsyou made of your seven-year term. What were the macroeconomic principles ormodels that influenced your decision-making?
- Identify the impactof your changes on the income and corporate tax rates.
- How were consumption andinvestment affected by your tax policy decisions? Explain these dynamics usingspecific macroeconomic principles from the course reading.
- Compare and contrastthe impact of your tax policy decisions with those of current or historicalexamples in the United States.
- What do these examples demonstrate about thevalidity of macroeconomic models? Be sure to cite your research appropriately.
Global Context
- Analyze the impacts of openness to trade in general.
- Why andhow are the impacts of monetary and fiscal policies different in a closedeconomy versus an open economy?
- Support your claims with specific details fromyour course reading.
Conclusion
- Insert your overallconclusions about the relevance and significance of macroeconomics.
- Assess theeffectiveness of your economic policy decisions.
- Did your economic policydecisions produce the anticipated results?
- Did your macroeconomic principlesand models behave in ways that you expected? Provide specific examples toillustrate.
- Evaluate how consumerconfidence might have impacted the outcomes of your policy decisions for theeconomy of Econland.
- Why is consumer confidence a relevant factor for makinginformed macroeconomic decisions?
