Answer these two questions in complete sentences. Define fiscal policy. Include the goals and tools of fiscal policy and the entity that controls it.Should Congress create a law mandating a balanced
Consider how an economic model can be viewed as a simplified description of reality, designed to yield hypotheses about economic behavior that can be
Consider how an economic model can be viewed as a simplified description of reality, designed to yield hypotheses about economic behavior that can be tested. In essence, a simulation. Hence, one important element of an economic model is that it is necessarily subjective in design because there are no objective