Please answer these questions based on our reading assignments from Please answer these questions based on our reading assignments from this term and the book Rosser, J. B., & Rosser, M. V. (2018). Comparative economics in a transforming world economy. The MIT PressOur assigned readings for this week (Chapter 7, chapter 8 and 9) contrast other forms of capitalism with the more centralized approach found in Sweden. Based on early evidence, the new US presidential administration and the new leadership of the US Senate may shift the US economy toward the Swedish model. In particular, many people expect the US federal government to adopt higher taxes, higher levels of welfare and transfer payments, and more regulation.If we leave politics aside and just focus on the economics of this potential change, what is the expected impact of this shift on the growth potential of the US economy? What is the expect impact on income and wealth distribution? How would this change affect the international competitiveness of the US economy?Your post must be substantive and demonstrate insight gained from the course material. Postings must be in the students own words do not copy directly from sources or provide quotesBusiness Economics Macroeconomics BUSINESS M BADM 449
