Q3. Select the reason below that leads to effective policy making. Permanent tax cuts induce changes in the behavior of businesses and households. Policy actions work with lags. Macroeconomic forecasting is very accurate. Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”
Q4. How would you contrast and compare the various approaches to dealing with cyclical unemployment by Keynesian and neoclassical economics? -Neoclassicals would suggest tax increases that stimulate productivity growth and labor demand. Keynesians would suggest increasing government spending. -Both would suggest an increase in aggregate supply by increasing government spending. -Neoclassicals would suggest doing nothing […]
Q10. Keynesians and Neoclassicals agree on the appropriate policy response to a positive supply shock. What is this policy response? A. Do nothing. B. Reduce interest rates through monetary policy. C. Cut tax rates through fiscal policy. Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”
Q11. From a neoclassical point of view, effective government policies to promote long term economic growth might include: -government unemployment benefits. -government spending on national defense. -creating a stable economic environment through the government taking a hands-off approach. Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”
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