Macro Econ paper About National Budget Stimulation| Business Finance
The below link will take you to a simulation of fiscal policy and the national budget in which you are the economic advisor to the President of the United States. Follow the link and read the instructions for the simulation.
You can launch the simulation by clicking on this link: CEE National Budget Simulation (Links to an external site.)Links to an external site..
After you finish the simulation, answer the questions from the attached worksheet.
National Budget Simulation Worksheet
Directions: Answer the questions below. Save your answers in either doc or docx format. Submit this document through the appropriate link in session 10. Your completed assignment should be at least 250 words in length.
1. How will the program cuts that you made affect specific groups (the elderly, students, environmentalists, savers, the poor, foreign aid recipients, producers, etc.)?
2. What programs did you choose to cut? Why did you choose those programs over others?
3. Would other cuts have had great impact on people’s lives? Which budget cuts had the largest impact on reducing the deficit?
4. Which decisions might be perceived as politically motivated?
5. What are the tradeoffs of preserving some programs while protecting others?
6. How do your decisions result in the marginal benefit to society outweighing the marginal cost to society?
7. If you had the opportunity to raise taxes rather than cut programs, which policy would you select?
(Questions developed from the Council for Economic Education. Revised 3/2013.)
