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Class, I think this is an important distinction. We tend to think of critical thinking as being a process and being able to engage in the process is important. As the questions change over time, you want to be able to engage in the critical thinking examination. If we only have answers or solutions to issues and problems, then we can't create new solutions when the facts change. This is where the process is an important and essential factor.
I think of this as kind of a critical thinking juggling act. In saying that one is more important than the other, we might leave out important pieces. In fact, both the process and the outcome are important. If I can't engage in the process, I can't adapt to changes in culture, society, my industry, and so on. If I can't evaluate or create the solution, then I am unable to solve problems.
How can you ensure that you are giving equal weight to the process and the solution
Why might it be difficult for the Fed to formally adopt inflation targeting? Would inflation targeting be a good policy for the Fed in the present economic environment
In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?
Describe the present economic crisis situation in Europe. Why has it been so difficult for the Europeans to find a solution to this problem? Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..
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Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.
How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.
Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?
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