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Fiscal Policy Assignment
The traditional Keynesian approach to fiscal policy differs in three ways from that is presented in the Fiscal Policy Chapter in your textbook.
It emphasizes the underpinnings of the components of aggregate demand.It assumes that governement expenditures are not substitutes for private expenditures and that current taxes are the taxes taken into account by consumers and firms.The traditional Keynesain approach focuses on the short run and so assumes that as a first approximation, the price level is constant (no inflation or deflation of prices).Miller, R.L. (2012). Economics Today, 16ed. Addison-Wesley. p. 295.In today's economy what fiscal policies would you implement? Right now our economy is in a recession, as a Keynesain Economist, how would youl manipulate fiscal policy to improve the economy? Be specific, such as, Cash for Clunkers program.
For this assignment you need to evaluate one idea and how you would implement your stimulus strategy.
Food for thought.
Housing
Infrastructure
Trade
Workers' Programs
Think about the factors push out the PPC
High Speed Rail or Transportation
Deregulation
Additional Information
Pay For Delay
GB Housing
Unemployment
Work History
Lessons 1937
Jobless in America
Paradox Thrift
The sum of the frictional and structural unemployment rates is thought of as the find a job because his or her job skills have become obsolete is an example of frictional unemployment
Compute the long-run impact of a permanent rise in money supply versus a permanent tax cut.
2.Television broadcasts are often given as examples of a public good. However, it is possible to code a broadcast so that only people who pay for the decoder box can view it. The use of a coded signal does what to a television broadcast?
Suppose the following data about the demand for goods and services. All variables are in billions of dollars. Suppose that potential level of output is $12,000 billion. Use the above data to calculate the size of the output gap?
Assume the station plans to give away the videos. How many dvds should it order. From which supplier.
You manage a US based company that makes shoe laces that you sell in a highly competitive marke
Assume the Chinese government abandons the peg and allows the yuan to float.What would be the effect on Chinese imports and exports.
Elucidate considerations would guide a profit maximizing company in deciding how to allocate its research budget.
Suppose a consumer has $150 to spend on food and clothing. Food costs $4 per unit and clothing costs $5 per unit. The consumer's utility function is U(c,f) = f^2c. a. Give an equation for the consumer's budget line. b. Give a formula for the consum..
Would the purchase of bonds by the Bank of Canada in 1.a) increase or decrease the potential for money creation? Explain in less than 5 lines.
Illustrate what rate of inflation characterized this economy during 1994.
For this assignment you will write a 500- to 700-word memo evaluating two conflicting consultant reports. Your report should.
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