Principles of Macroeconomics (Maymester 2009)

Activity 7

Name _____________________      Due Day: May 30, Saturday

Answer one of the following questions (20 points).

1. List the fiscal policies the Bush administration had applied from 2001 to 2008. Use the Keynesian theory to comment on if the fiscal policies the Bush administration applied were appropriate to the economy from 2001-2008.

or

2. List the fiscal policies the Obama administration has applied since January 2009. Use the Keynesian theory to comment on whether these fiscal policies are appropriate to the current U.S. economy or not.