Answer Happy

Explain how consumption depends on current and future income.
Should household consumption rise
after a tax cut financed by government borrowing? What is the role
of borrowing constraints in your
answer? Explain why stimulus checks may or may not be spent on
immediate consumption.
Explain what conventional monetary policies and unconventional
monetary policies are. Explain these using examples to illustrate
them. You can use abstract examples,
or real ones.