Governments across Europe have instituted austerity measures in an attempt to cut budget deficits which ballooned after the financial crisis. Are they right to do this at a time when the European economic recovery is acknowledged as being fragile?
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A: Q = quantity TC = total cost TR = total revenue MC = marginal cost MR = marginal revenue
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- Should countries with stable economies, like Germany, be responsible for bailing out countries that have mismanaged their finances and assumed massive debt levels?What are some economic policies (fiscal AND monetary) that should be enacted to stabilize the economy in Mexico?What are some economic policies (fiscal AND monetary) that should be enacted to stabilize the economy in Indonesia?
- Is China interested in accountability in global business?What should be the goals of Fiscal Policy in developing countries? Why have these goals not been achieved in Pakistan?Role of government and financial intermediaries in the recovery – fiscal and monetary policies. Other factors such as global cooperation among countries in helping economic recovery.
- In details explain the potential problems with using fiscal and monetary policies to address economic recessions.The post-Cold War period has been called the period of “globalization.” From what you read in the final textbook chapter, what does globalization mean? In some ways we’ve seen types of “globalization” earlier in history; what was similar or different about the most recent phase of globalization compared with others in the past?In 2010 the Greek government had to inform the European Commission on how it would control its budget deficit and improve the performance of its economy. The government’s debt is so high that agencies assessing the creditworthiness of the government downgraded it (which would mean more interest has to be paid to raise finance). Proposals were likely to include a 10% cut in government spending. What actions can the government take to increase national income growth in Greece?
- If finances were competitively optimal, would the size and composition of the Continental European GDP improve ?Countries in Caucasus and Central Asia are no longer dependent on the Russian economy anymore after the collapse of the Soviet Union. Is it true or false? Please explain why.Is the reform of the credit-fueled economic model in the West essential for a more equitable global economy?