Classical economic theory, Macroeconomics

Assignment Help:

Between 2007 and 2009 the U.S. economy experienced a severe recession. In an effort to stimulate the economy, the federal government passed a stimulus package. Explain the federal government's use of fiscal policy (the stimulus) to promote growth and employment. Support your ideas with concepts found in the assigned reading. Include the following in your response:
• Discuss some actions taken by the federal government and whether the recession would have been longer and the unemployment rate higher if the government had not acted by passing the stimulus package?
• If left alone, do you believe the economy would have corrected itself as suggested by Classical economic theory? Explain.
• Discuss the effect these policies had on increasing the size of the budget deficits and the national debt.


Related Discussions:- Classical economic theory

Distinction between charasteristics of private and public, Use the distinct...

Use the distinction between the charasteristics of private and public goods to determine whether the following should be produced through the market system or provided by the gover

Economics 10, The demand for money schedule shows that the quality of money...

The demand for money schedule shows that the quality of money that people want to hold

Accounting profit-economic profit of present value, 1. Christopher has $200...

1. Christopher has $200,000 to invest, and he is considering the following business opportunity. He would use his $200,000 to buy a mechanical self-service car wash. He'll earn $40

?k=s*f(k)-(?+n)k, y=vk ?k=s*f(k)-(?+n)k saving rate 28% population growth o...

y=vk ?k=s*f(k)-(?+n)k saving rate 28% population growth of 1% Have y persistent size s, n, g and ?function

Find the equivalent array-array factor, A 90 o perfectly conducting corner...

A 90 o perfectly conducting corner cube reflector has a shortdipole (oriented in the z-direction) placed at a distance d from the vertex. The antenna is fed by current Io. a) F

What do learn by study of the supply curve concepts, What do learn by study...

What do learn by study the supply curve concepts? a. The relationship in between quantity of inputs and output b. Why production is frequently subject to reducing  returns

Gdp, explain the structure of the economy and its impact on the gdp of soun...

explain the structure of the economy and its impact on the gdp of sountry.

The circular flow of income in a closed economy, The circular flow of incom...

The circular flow of income in a closed economy   A closed economy exists when there is no international trade. We shall also assume that in this particular closed economy there

Statics and dynamics, Statics and Dynamics   Economic models deal with s...

Statics and Dynamics   Economic models deal with stock and flow variables. These variables can be in one of the two states - equilibrium or disequilibrium - at a particular poin

Define the monopoly of central banks, Define the monopoly of Central banks ...

Define the monopoly of Central banks The central bank has a monopoly on issuing currency, it is in complete control of the monetary base. In section 7.4.2 we will describe exac

Write Your Message!

Captcha
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