Reference no: EM131389839
Assignment
Topic- What lessons does the great recession hold for how fiscal policy should get ready to respond the next economic downturn?
According to our textbook what are the aims and tool of fiscal policy? Focus on the short run, but give some consideration to the long run as well. Do the Brookings institution's specific suggestions regarding how policy should respond to the next downturn seem to be compatible with Ray Fair's discussion of fiscal policy? How do John Taylor's views differ?
Please remember to clearly explain simple things about the general aims and tools of fiscal policy. Such as:
What are spending multipliers?
What is the distinction between "active" and "passive" fiscal policy?
("Passive" fiscal policy is sometimes referred to as the "automatic stabilizer".)
How should short run fiscal policy relate to the long run budget position?
Then explain a few, in your view important, things about how was fiscal policy conducted in the great recession and why economists have different views on it.
Readings
1. Text chapters 5-9 and section Second half of Chapter 14/15 of Fiscal Policy and Deficits
a. This is chapter 14 in the twelfth edition and chapter 15 in earlier editions.
2. Brookings Institution Report: Nine facts about the Great Recession and tools for fighting the next downturn, by Diane Whitmore Schanzenbach, Ryan Nunn, Lauren Bauer, David Boddy, and Greg Nantz, Monday, May 23, 2016
a. https://www.brookings.edu/research/nine-facts-about-the-great-recession-and-tools-for-fighting-the-next-downturn/
3. Taylor, J. B. (2016). "Can We Restart the Recovery All Over Again?" The American Economic Review 106(5): 48-51 https://www.stanford.edu/~johntayl/2016_pdfs/Can_We_Restart+the_Recovery_All_Over_Again-AERMay2016.pdf
|
Average kinetic energy of an oxygen molecule
: Calculate the temperature for which the minimum escape kinetic energy is ten times the average kinetic energy of an oxygen molecule. Please show your work .
|
|
Analyse a production system
: In this assignment analyse a production system (service or manufacturing based) with which you are familiar; a shop, restaurant, transport system, doctor's surgery are all possible examples
|
|
Determine the mass of particle and radius of circle
: At the top of the circle its speed is 9.7 m/s and the tension in the string is 30 N; at the bottom of the circle its speed is 13 m/s and the tension in the string is 100 N. Determine the mass of the particle and the radius of the circle.
|
|
Estimate the terminal speed of a wooden sphere
: (a) Estimate the terminal speed of a wooden sphere (density 0.790 g/cm3) falling through air, if its radius is 8.00 cm and its drag coefficient is 0.500. (The density of air is 1.20 kg/m3.)(answer in m/s)
|
|
What is distinction between active and passive fiscal policy
: Please remember to clearly explain simple things about the general aims and tools of fiscal policy. Such as: What are spending multipliers? What is the distinction between "active" and "passive" fiscal policy?
|
|
Based on handbook h 108 should the lot be accepted
: A sample of 15 items is placed on test with the eight failures occurring at the following times (in hours): 400, 430, 435, 460, 460, 490, 520, 530. Based on Handbook H-108, should the lot be accepted?
|
|
Which ics are connected to the data bus
: The low-order address bus is demultiplexed (selected and latched) from the shared address/data lines by U2 and the AS (Address Strobe) line.
|
|
Based on handbook h 108 should the lot be accepted
: A sample of 15 items is placed on test with the eight failures occurring at the following times (in hours): 400, 430, 435, 460, 460, 490, 520, 530. Based on Handbook H-108, should the lot be accepted?
|
|
Explain the consequences of minimum wage on the workers
: Explain the consequences of minimum wage on the workers. Explain the situation facing employers. Suggest another policy that the government might take to ensure that both goals are achieved.
|