Compare monetary and fiscal policies of the UK and another developed country (of your choosing) during the coronavirus pandemic . In addition to explaining which policies the countries used, please describe how unemployment and the public debt have evolved during the pandemic.

Q: Why might well-educated economists disagree on appropriate public policy in some situations?

A: Below are the various reason of disagree on appropriate public policy in some situations 1.…

Q: Do you see a risk of stagflation in the current world economy due to coronavirus?

A: Most importantly rising inflation, withdrawal of strategy upgrades, and potential for disintegrating…

Q: List some of the ways that the problems caused byexternalities can be solved without…

A: Externality refers to the spillover of benefits or costs to a third party other than the immediate…

Q: The Bismarck Model in Germany emphasizes equity over choice whereas the Beveridge Model in the…

A: Answer is in 2nd step:

Q: Explain how different governments (at least two, specifically) responded to the economic crisis…

A: Economic crisis is a phase where the nation’s economy falls down. Financial crisis leads to economic…

Q: A central reason for the establishment of the EU was a strong desire on the part of member countries…

A: European Union (EU) is an international organization of European countries to govern common…

Q: Explain the shift in manufacturing locations from the First World to the Third World during the…

A: Manufacturing had basically started with industrialization in England. England is the first world or…

Q: Show and explain why government multipliers are smaller an open economy?

A: An open economy is an economy that interacts and integrates with the rest of the world through trade…

Q: What is the opportunity cost (in civilian output) of a defense buildup that raises military spending…

A: Opportunity or trade-off costs shows the potential betterment an investor or individual missed out…

Q: Which of the following statements about the role of multilateral development banks in global health…

A: Multilateral development banks fund projects and provide financial assistance to member nations to…

Q: companies want to see their partner countries healthy enough to provide work, but not so healthy as…

A: Several eminent economists and policymakers have argued that both the volume as well as the…

Q: Do the existence of SIFIs represent a threat to the ecnomic stability of the country? Why or why…

A: SIFI (Systemically important financial institution) SIFI is an insurance company bank or other…

Q: The value-added tax (VAT) form of the sales tax is preferred in many developing countries because:…

A: The objective of the question is to understand why the Value-Added Tax (VAT) is preferred in many…

Q: China-based Gotion has announced plans to build a $2bn EV lithium battery plant in the USA and a…

A: The query probes the effects of Foreign Direct Investment (FDI) on host countries. It is anchored in…

Q: fiscal policy or monetary policy, is preferable for recessions (

A: Recession refers to significant decline in economic activities, the economic measures and growth as…

Q: what models have the best explanatory power and explain why? Sectoral model Electoral model Societal…

A: The regression model can be written as : Y = a + b X + e Where Y = Dependent variable             a=…

Q: TRUE OR FALSE Concerning public opinion, Optimists prefer that government officials serve as…

A: In an economy, behavior of the people influence the overall functioning as the behavior explains the…

Q: Discuss the three-legged-stool approach of Massachusetts's experiment with incremental universalism.…

A: Incremental universalism is an approach to achieving universal healthcare coverage by implementing…

Q: What factors make a difference in the impact of the COVID-19 pandemic on developed vs developing…

A: The COVID-19 pandemic has wreaked havoc on countries all over the globe, and no country is immune.…

Q: A Washington diplomate notes that governments always act in the national interest of their countries…

A: A government is a framework or organization that practices authority and command over a particular…

Q: QUESTION 3 Which of the following has been the primary focus of economists in their analyses of…

A: Public economics is a branch of economics that studies public administration.

Q: Example of state of disequilibrium

A: State of disequilibrium refers to the situation when the market demand is not equal to the market…

Q: GDP Growth, unemployment are examples of economic conditions in the countervailing forces model true…

A: The countervailing Forces Model comprises of four forces: ecological impetuses, business, government…

Q: Detail the working of the ' new consensus ' 3- equation model.

A: The "new consensus" 3-equation model refers to a system created by economists to model the…

Q: Identify what trade and financial impact Brexit will have on the British?

A: Brexit is an abbreviation that denotes the exit of the British from the European Union.

Q: Some Americans feel that U.S.-based firms should not undertake FDI in other countries because it…

A: FDI, or Foreign Direct Investment, denotes capital ventures by individuals or corporations from one…

Q: Two students, Ryan Wattenberg and Emma Bennett, are discussing the idea of convergence over coffee.…

A: Convergence: Convergence refers to the idea that poorer or less developed countries will, over time,…

Q: Help to complete this Homwork: Hobsbawm says that the popularity of the Communist parties around…

A: A complex interplay of ideological, political, and economic factors drove relations between the…

Q: If there was a widespread virus what would the impact be on the US economy stock market?

A: A market is a place where the buyers and sellers interact with each other and the exchange of the…

Q: 12) Detail the workings of the ‘new consensus’ 3-equation model.

A: The "new consensus" 3-equation model is a system created by economists to model the macroeconomy and…

Q: the effectiveness of measures taken by their government to stabilize the Vietnam economy during…

A: Monetary Policy:Monetary policy refers to the actions and decisions taken by a country's central…

Q: What is the relationship between the rising cost of living and low-income communities’ savings in…

A: The cost of living is referred as to the level of price or cost of purchasing goods and services.…

Q: Is it more important the Economy be reopened as soon as possible or should Social Distancing be…

A: Social Distancing:The term social distancing refers to the physical distancing between people. That…

Q: (a) Describe the main differences between Beveridge model, Bismarck model, American model. (b)…

A: The following problem has been answered as follows:

Q: How can monetary policy, fiscal policy and financial sector regulation help in the fight against…

A: Monetary policy is the arrangement of moves that a central bank initiates to impact the money supply…

Q: Explain why it is difficult to deal with (reduce/eliminate) hidden unemployment in less developed…

A: In developing countries, unemployment is a persistent problem that results in the loss of human…

Q: Please compare and contrast the implementation of central planning (especially in industrialization…

A: An economy with central planning is one where the central government decides the price and…

Q: A new foreign government is elected and announces that once it is inaugurated, it will expand…

A: A new administration is elected, and it promises to raise the money supply once it takes office.…

Q: When is it inappropriate to use monetary and fiscal policy to stimulate or stabilize the economy?…

A: The monetary policy is the policy of the central bank which is the apex monetary authority of the…

Q: Rising income inequality in developing and emerging countries in the past decades is a relatively…

A: The Heckscher-Ohlin model postulates that countries export those goods that they can produce…

Q: How can monetary policy, fiscal policy and financial sector regulation help in the fight against…

A: Monetary policy, fiscal policy, and financial sector regulation can all play important roles in the…