Analyzing Current Fiscal Policy

Fiscal policy is the government’s use of government spending and taxes to influence the economy. For this task, you will choose one tool of fiscal policy—either government spending or taxes—and complete the activities below.

Part A

Which tool did you choose?

Part B

Do you think this tool should be increased or decreased to help the economy?

Part C

Using an Internet search engine, find a website or an article that shares your opinion and copy the URL in the space below. Keep in mind that it might take you some time to find a good article, so don’t automatically take the first one you find.

Part D

List three main points from the source you found that explain the author’s reasoning.

Part E

Based on what you have read, what bias might the author bring to his or her opinion?

Part F

Using an Internet search engine, find a website or an article that expresses the opposite to your opinion and copy the URL in the space below. Keep in mind that it might take you some time to find a good article, so don’t automatically take the first one you find.

Part G

List three main points from the source you found that explain the author’s reasoning.

Part H

Based on what you have read, what bias might the author bring to his or her opinion?

Solution Preview

The economy is controlled by the number of disposable resources available and the strategies applied in using them. In this case, taxes are of much influence on the economic development or decline and different authors have varying perspectives on the matter. From a researcher’s point of view, I find it necessary to decrease taxes as a means of helping the economy stabilize as it means that there will be more funds available to individuals and businesses which can be put into investments.

According to an online article shared by Muley (2017), the information supports the fact that taxes should be lower as increasing the amounts will result in negativity in the way people interact economically.

(583 words)