Economics – 12/06/13

I. Bellwork:

A. If you were in control of U.S. fiscal policy (taxes and spending), how would you attempt to eliminate the deficit and reduce the debt? Explain in detail the taxes and programs involved in your solution – 1 paragraph

b. Explain in detail the negative impact crowding-out has on the economy. What occurs when it is difficult for private businesses and citizens to obtain financing? – 1 paragraph

II. Objective:

Apply understanding of the concepts and applications of governmental revenue generation and expenditures.
Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence

III. Classwork: