Reference no: EM133124855
Classical or Keynesian?
1. Classical v. Keynesian Approaches to Smoothing Business Cycles
Fiscal policies are the actions of Congress on spending and taxing. (Note that this is different from monetary policy, which is the action take by the Federal Reserve to change the money supply and interest rates.)
a. Explain and compare the Keynesian and classical points of view on whether or not to intervene during the business cycle (an expansion = positive real GDP growth; and a recession = negative real GDP growth).
b. Are we in recession today? Use today's real GDP growth rates to explain your answer.
c. As the President's chief economist, describe the Keynesian fiscal policy you think the administration should follow given today's economic conditions. Support your point of view using principles of Keynesian economics, as described by Mayer in Chapter 16 of "Everything Economics."
2. What Role for Government?
In Chapter 3, Wheelan describes a number of ways in which the "government is your friend" in a well-functioning society and economy. List and explain two ways that, in your everyday lives, there is a need for an effective government role in an economy.
Explain how this government role does, or does not, solve a market failure such as an externality.
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Impose the zoning policy
: If the city government were to adopt the tax-payment policy as described in (h) above then will it also have to impose the zoning policy as described in part (c
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Would the cash budget be accurate
: Would the cash budget be accurate if inflows came in all during the month, but outflows were bunched early in the month
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Main types of labour mobility
: Q1) In what ways could a minority worker experience discrimination over their lifetime?
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Controlling the efficiency of an employee work
: In a few minutes, your subordinate, whom you called because of her lateness, should come up to you. She has been working in the company for over a year and perf
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Keynesian approaches to smoothing business cycles
: Fiscal policies are the actions of Congress on spending and taxing. (Note that this is different from monetary policy, which is the action take by the Federal
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Knowing the number of units
: The company is interested in knowing the number of units it must have to recover its total costs.
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Outline your prototyping strategy
: Create a Design Brief which outlines the specific problems that need to be addressed, goals of the Solution Prototype, constraints, timelines
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How can financial institutions help rural farmers
: A. what are rural areas among the poorest in the country?
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Overvaluation of the peso
: Starting from the equilibrium in the euro market, it describes (in detail) theoretical and graphical, what happens if there is an overvaluation of the peso agai
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