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Part 1- Many people believe that the Federal Government should balance its annual budget just like households, businesses, and state and local government bodies. Explain why this might be a bad idea. Be sure to explain how fiscal policy affects the economy. Remember to include a reference about a cyclically adjusted budget. Respond to this topic and to two other students’ responses by name.
Please respond using critical thinking and good communication skills. Include references when necessary to explain your viewpoints.
Part 2- After reading the Prospect Theory, discuss why during the Coronavirus outbreak in March 2020, people were massively buying toilet paper.
Post your answer by click “reply”. About 1/2 pag
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