I’m studying for my Business class and don’t understand how to answer this. Can you help me study?
1. Federal welfare programs expanded dramatically during President Johnson’s War on Poverty, continuing a prominent government role in welfare since Franklin D. Roosevelt’s New Deal. In 1997, the Aid to Families with Dependent Children (AFDC) was replaced by Temporary Assistance for Needy Families (TANF). Identify the major changes from AFDC to TANF. How does the implementation of block grants introduce considerable variation among the states? Explain the relative advantages and disadvantages of the transition from AFDC to TANF.
2. Explain the importance of timing in achieving market stabilization
3. I wanted to offer a couple questions to help spur the conversation. Tax-cuts play an important role in post Keynesian or supply side economics. Discuss whether the tax rate cuts had no impact on economic growth or increased economic growth?