Evaluate the view that economic growth

Assignment:

(a) Explain the impact that a fall in the world price of oil might have on aggregate supply and gross domestic product (GDP) in an economy.

(b) Evaluate the view that economic growth is best achieved through improvements in technology.

How effective was this policy stance : How effective was this policy stance? Have there been any adverse effects of the previous government's policy?

How does this situation relate to laws of supply and demand : Address the supply and demand issues. How does this situation relate to the laws of supply and demand?

What might government intervention in a market economy : Under what conditions might government intervention in a market economy improve the economy's performance?

Explain expansionary fiscal policy : Explain how expansionary fiscal policy could be used to close a deflationary (recessionary) gap.

Evaluate the view that economic growth : Evaluate the view that economic growth is best achieved through improvements in technology.

What is the difference between gdp and gnp : What is the difference between GDp and GNp? Is one a better measure of income/output than the other? Why?

Difference between the endogenous and the exogenous : Describe the difference between the "endogenous" and the "exogenous" variables of an economic model.

Difference between classical and keynesian macroeconomics : Which characteristic was the fundamental difference between Classical and Keynesian macroeconomics?

How differences in default risk result in interest rate : Use the bond market model to illustrate and explain how differences in default risk result in interest rate differences on bonds with same years to maturity.