1. What arguments should be considered in assessing the burden that government debt imposes on future generations?
2. Why is the multiplier for spending changes greater than the multiplier for tax changes? What are the arguments that suggest the expenditure multiplier might be lower than the tax multiplier?
3. How does a supply-side analysis of the effects of a tax cut differ from one that focuses solely on aggregate demand?
4. How does the Ricardian equivalence view of the effects of tax cuts (and budget deficits) differ from the traditional view? What objections to the Ricardian equivalence view have been raised?
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