Monetary and fiscal policy measures

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Reference no: EM1368236

1. a. Determine the policies that Keynes and Hayek advocated regarding how federal government should manage the economy. Discuss the major differences between each school of thought?
b. Based on your answer to question #1a, which of the two economists would you agree with more? Explain.

c. In dealing with the recession of 2008 why is it important for the Fed and Congress to coordinate monetary and fiscal policy measures?
3. Compare the rationale of the Reagan administration for the 1981 tax reductions with the rationale behind the Kennedy-Johnson tax cut of 1964, the Bush tax cut of 2001, and the Bush tax cut of 2003.

Reference no: EM1368236

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