Some people have argued that the high inflation of the late 1970s was a consequence of the fact that Federal Reserve Board chair Arthur Burns did what President Richard Nixon wanted him to do. What policy do you think Nixon might have wanted? policy that will Because politicians are elected for relatively (Click to select), they often favor (Click to select) (Click to select) : economic growth in the [(Click to select)
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- *Does monetary or fiscal policy have a longer time lag? Why?Explain the difference between fiscal policy and monetary policy. What are some of the reasons these macroeconomic policies are used?Explain the difference between fiscal policy and monetary policy. What are some of the reasons these macroeconomic policies are used? Elaborate on reasons these policies are used.
- Can governments use expansionary fiscal policy or expansionary monetary to effectively fight recessions? Why or Why Not?As you have learned in Unit 8 (this week), monetary and fiscal policy play important roles in economic stimulation and or stabilization. In this regard: a. When is it appropriate to use monetary and fiscal policy to stimulate or stabilize the economy? b. When is it inappropriate to use monetary and fiscal policy to stimulate or stabilize the economy? c. What specific fiscal policy tools would you use to stimulate aggregate demand and how? d. What specific monetary policy tools would you use to stimulate aggregate demand and how? e. What is your conclusion, should policymakers use the monetary and or fiscal policy to stimulate aggregate demand? Explain briefly.Complete the chart on benefits and drawbacks of monetary and fiscal policy
- Some economists argue that policymakers can use monetary and fiscal policy to reduce the severity of economic fluctuations. In practice, however, there are obstacles to the use of such policies. What are the primary difficulties with using monetary and fiscal policy to stabilize the economy?Analysis of the Great Depression indicates that a. even though monetary and fiscal policies were highly expansionary, they were unable to offset the economic downturn. b. the depth of the economic plunge, if not its onset, was the result of monetary, fiscal, and regulatory policies. c. a reduction in tax rates could not prevent the economic downturn from spiraling into a depression. d. even though monetary policy was expansionary, restrictive fiscal policy dominated during the 1930s. 0000As you have learned in Unit 8 (this week), monetary and fiscal policy play important roles in economic stimulation and or stabilization. In this regard: Start with a brief introduction that explains use of Government policy to control the economy. When is it appropriate to use monetary and fiscal policy to stimulate or stabilize the economy? Look at both. When is it inappropriate to use monetary and fiscal policy to stimulate or stabilize the economy? Look at both. What specific fiscal policy tools would you use to stimulate aggregate demand and how? What specific monetary policy tools would you use to stimulate aggregate demand and how? What is your conclusion, should policymakers use the monetary and or fiscal policy, or a combination of both, to stimulate aggregate demand? Explain your reasoning.
- What is ? 1-)Potential GDP 2-)Monetary Policy 3-)Fiscal PolicyWhat is the best combination of fiscal policies and monetary policies for a country like Japan whose price levels are increasing while unemployment is being controlled? a.None of the choices is correct b.Decrease taxes, decrease government spending and decrease money supply c.Decrease taxes, increase government spending and increase money supply d.Increase taxes, decrease government spending and decrease money supplyYou read the following headline in the newspaper: "Lower tax rates have led to an increase in housing starts." Please assess if (a) this is fiscal or monetary policy (b) the policy is contractionary or expansionary (c) GDP will increase or decrease (d) Unemployment will increase or decrease This is blank1 - Word Answer Write your response here... (fiscal/monetary) policy. This policy is blank2 - Word Answer Write your response here... (expansionary/contractionary). It will lead to a(n) blank3 - Word Answer Write your response here... (increase/decrease) of GDP while unemployment will tend to blank4 - Word Answer Write your response here... (increase/decrease).