MORE spending ► MORE production ► MORE workers ► More spending

LESS spending ► LESS production ► LESS workers ► Less spending

MORE spending ► MORE production ► LESS workers ► LESS spending

MORE spending ► MORE production ► MORE workers ► More spending..... which is NOT a possibility this scenario

Which is NOT an example of how the government affects the economy?

If taxes increase, consumer spending _____ and the economy ________

If taxes decrease, consumer spending _____ and the economy ________

If government spending increases, consumer spending _____ and the economy ________

If government spending decreases, consumer spending _____ and the economy ________

There are no solutions, only trade offs.

Government spending grows the economy, but government spending requires higher taxes which shrink the economy. This is an example of what quote by Economist Thomas Sowell.

If government borrowing decreases, consumer spending _____ and the economy ________

If government borrowing increases, consumer spending _____ and the economy ________

What image is used to help students understand how much money is in the economy?

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