Compare and contrast the use of government spending changesversus tax changes as a means of influencing the course of theeconomy. Is one or the other preferable in specific situations?Imagine for a moment that you have two roommates, who each haveopposing viewpoints on nearly everything, including politics andeconomics. Taylor is adamant that the best way to manage theeconomy is through tax changes, while Morgan insists that it’sbetter to adjust the economy through government spending. Whatwould a Neoclassical economist say? What would a Keynesianeconomist say?
