10. What policies can the government of a free-market economy implement to stimulate economic growth? 11. Why does stagflation create such a dilemma for policy makers?
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- Assume a hypothetical society that decides to reduce consumption (production of consumption goods) and increase investment (production of capital goods). i. How would this change affect economic growth? ii. What groups in society would benefit from this change? What groups might be hurt?1. Why does the goal of efficiency conflict with equity? 2. How does stability conflict with growth? 3. Why can an economy not achieve multiple economic goals simultaneously?a. Identify THREE public policies that can stimulate employment and facilitate economic growth in an economy. Use examples to clearly illustrate how EACH policy can stimulate employment and facilitate economic growth
- Answer d only a. What are the ways in which a government policymaker can try to raise the growth in living standards in a society? b. What is the relevance of productive and allocative efficiency to the growth process? c. What is meant by economies of scale and what is the importance of this concept to economic growth? d. Suppose that society decided to reduce consumption and increase investment.i. How would this change affect economic growth? ii. What groups in society would benefit from this change? iii. What groups might be hurt?How does increasing the level of public education spending typically affect the long- term economic growth of a country? A. It has no effect on long-term economic growth. B. It reduces long-term economic growth due to higher taxes. C. It increases long-term economic growth by improving the workforce's skills and knowledge. D. It initially boosts economic growth but leads to a decline in productivity over time.d. Suppose that society decided to reduce consumption and increase investment.i. How would this change affect economic growth? ii. What groups in society would benefit from this change? iii. What groups might be hurt?
- Suppose that society decided to reduce consumption and increase investment. i. How would this change affect economic growth? ii. What groups in society would benefit from this change? iii. What groups might be hurt?1) The following public policies can facilitate economic growth in an economy. For each policy, give a reason for why this is possible. a. Distributive b. Redistributive c. Regulatory and substantive policiest Provide 2 substantive postings to each of the 3 Discussion Question's each week. 2. What are the principal sources of economic growth? Provide 2 substantive postings to each of the 3 Discussion Question's each week. 3. Explain the policy tools necessary for accelerated growth.
- A. How is economic growth measured? B. Why is economic growth important? C. If a country's economy grows at an average rate of 14 percent per year, how many years would it take to double?Why governments / decision makers try to achieve the stable economic growth and lower inflation? What are key problems which may be encountered when attempting to balance these two objectives?Identify 4 public policies that can stimulate employment and facilitate economic growth in an economy.