What are the aspect of the given macroeconomic policies

Assignment Help Macroeconomics
Reference no: EM132349123

Assignment: Read the following two statements taken from a Forbes article in December 31, 2013.

Statement 1: "there is a certain crowd in Washington who, for the last few decades, have said, let's respond to this economic challenge with the same old tune. The market will take care of everything, they tell us. If we just cut more regulations and cut more taxes - especially for the wealthy - our economy will grow stronger. Sure, they say, there will be winners and losers. But if the winners do really well, then jobs and prosperity will eventually trickle down to everybody else. And, they argue, even if prosperity doesn't trickle down, well, that's the price of liberty."

Statement 2: "there is a certain crowd in Washington who, for the last few decades, have said, let's respond to this economic challenge with the same old tune. The government will take care of everything, they tell us. If we just pile on even more regulations and raise taxes - especially on the wealthy - our economy will grow stronger. Sure, they say, there will be winners and losers. But if the losers are protected by more social programs and a higher minimum wage, if there is more Quantitative Easing by the Fed., then jobs and prosperity will eventually trickle up to everybody else. And, they argue, even if prosperity doesn't trickle up, well, that's the price of a social safety net."

These statements are based upon the US economy and different, well-known, economic governmental philosophies implemented frequently. These are very BIG economic statements which means these statements refer to many different aspects of macroeconomic government policy. During this course, we have already discuss some some portions of these theories and will eventually discuss other portions of these theories.

1. Which philosophy do you agree with? Why? Narrow down your thoughts to one aspect of these macroeconomic policies, i.e taxes (more or less), government spending, government welfare spending, monetary growth, effects of government regulation, etc.

2. Find at least TWO ECONOMIC journal articles that either agrees with or disagrees with the philosophy that you have chosen in #1.

3. Find a popular press article that argues the OPPOSITE

4. Summarize your journal article as it refutes your popular press article. This summary should be in terminology that could be understood by your fictional high school senior.

5. Your summary should be at least 500 words.

Your assignment MUST focus on economic issues.

Reference no: EM132349123

Questions Cloud

What are the two causes of greenhouse gases : What are the two causes of greenhouse gases?
Define what was already stated in the article : Using 300 words, write a brief discussion, in your own words of how the article relates to the selected chapter Key Term. A discussion is not rehashing what.
Challenges of emissions in honduras : What are the political challenges of these emissions in Honduras? Please provide examples.
What are the security challenges for a growing global : What are the security challenges for a growing global population in Honduras. Please provide examples.
What are the aspect of the given macroeconomic policies : Read the following two statements taken from a Forbes article in December 31, 2013. Statement 1: "there is a certain crowd in Washington who, for the last few.
Summarizing several different relevant economic issues : For our remaining Residency assignments, we will be researching, evaluating, and summarizing several different relevant economic issues.
Describe the causes of and common types of fraud : Internal controls and accounting systems-AAT Level 4 Diploma in Accounting-
What are the basic types of economies : Locate one journal article for each of your two chosen economic types. You need to focus on the Abstract, Introduction, Results, and Conclusion.
What are the economic challenges of emissions : What are the economic challenges of these emissions in Honduras and please include examples?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

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

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

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..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

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.

  Affect of falling domestic investment on trade surplus and

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.

  Crises in the banking sector and bank run

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?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd