Course Hero Logo

6-1 discussion.docx - This simulation reminds me of...

Course Hero uses AI to attempt to automatically extract content from documents to surface to you and others so you can study better, e.g., in search results, to enrich docs, and more. This preview shows page 1 - 2 out of 2 pages.

This simulation reminds me of watching political debates. I understand in politics any economicaction usually has adverse reaction whether it be from a S&D perspective or an “animal spirits”perspective as in Keynes “The General Theory of Employment, interest, and Money” (Mankiw)The strategy I used in the simulation was to cut healthcare costs and government expenditureon domestic expenditures like non-defense research grants and federal retirement benefits. Ialso raised the payroll gap and the nominal retirement Age to 69. I put more pressure on stategovernments by devolving education spending and replacing Obamacare with state grants.These actions fixed the short run debt to GDP percentage but does not come close to the longrun goal of 60%. The biggest expenditure I cut was the non-defense research grants. I get thatthese grants help stimulate the economy, find new jobs, and possibly help produce newtechnologies to help production. The question I asked myself about cutting expenditures waswhat is necessary? States can learn to be more sufficient in holding accountability ofunemployment and education but with current government grants they may not have too as

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 2 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
Spring
Professor
N/A

Newly uploaded documents

Show More

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture