1 Explicitly define both fiscal and monetary policy
2 The following are five current or historical governmentactions dealing with macro-economic policy For each scenario determine if itrepresents fiscal policy or monetary policy, and explain your answer
a President Obama has proposed a budget for the next yearand the House of Representatives has proposed their own budget that has majordifferences with the President’s
b To avoid a stalemate with Congress that could haveprevented any new legislation from being passed, the President and Congress, inDecember 2010, reached an agreement on extending the Bush era tax cuts for anadditional two years
3 You have learned that Keynes and Friedman sharplydiffered on some basic ideas of how the Federal government should conducteconomic policy Which of the two economists do you agree with more, andexplain
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here