Problem
1. How would an increase in government spending for missile bases affect the economy in the short run (look at aggregate demand, aggregate supply, RGNP, and inflation)? In the long run? Explain.
2. How would an increase in investment spending affect the economy (aggregate supply, aggregate demand, RGNP, and inflation) in the short run? In the long run? Explain.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.