Maintaining low unemployment than maintaining low inflation

Assignment Help Business Economics

Reference no: EM131196248

Agreement and disagreement among economists Suppose that Alex, an economist from a university in Arizona, and Becky, an economist from a public television program, are arguing over government intervention. The following dialogue shows an excerpt from their debate: Becky: The usefulness of government intervention in the economy is a long-standing issue that economists continue to debate. Alex: I feel that government involvement in the economy should be reduced because government programs cause more harm than good. Becky: While I do agree that government programs can be inefficient, I really think they are necessary to help the less fortunate. The disagreement between these economists is most likely due todifferences in perception versus reality . Despite their differences, with which proposition are two economists chosen at random most likely to agree? Employers should not be restricted from outsourcing work to foreign nations. Business managers can raise profit more easily by reducing costs than by raising revenue. Central banks should focus more on maintaining low unemployment than on maintaining low inflation.

Reference no: EM131196248

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