Explain 3 factors that determine economic policy.
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3. Monetarists believe that A. fiscal stimulus is an effective way to counteract negative economic shocks B. monetary policy can counteract negative shocks, but can be destabilizing and should not be actively used to do so C. monetary policy is an ineffective way to counteract negative economic shocks because it does not influence the factors of production D. monetary policy is an effective way to counteract negative economic shocks should be used to do so
Explain what GDP is and how is it measured. Evaluate the validity of using GDP as a measure of economic output. Assess the validity of using GDP as a measure of social progress. Which elements (e.g., education levels, carbon dioxide emissions, gender/racial inequality) does GDP not consider? Identify and describe two alternative (multidimensional) metrics that take into consideration more than the exchange value of economic output. Do those metrics capture social progress/well-being? Explain. Explain if public officials focus exclusively—or even...
1 Explain the impact and outcomes of the Hulsman and Bahn Commissiorns 2 Explain the social, economic, and political factors that contributed to a harm reduction strategy in countries such as the Netherlands and Sweden, as opposed to a deter policy Would this strategy have worked in the US? hat types of collaborative efforts in government were used to create drug -free societies in Sweden and the Netherlands?
I need help with this question for my Principles of Macroeconomics class! E. 1) Illustrate the consumption function and the corrective fiscal policy for an overexpansion or inflationary gap. 2) Explain the fiscal policy that would be recommended. 3) Fully explain the limit of this policy.
You will be evaluating each of the questions as you will need to make sure to use relevant economic terms and content development in your work. REMEMBER TO WRITE THE QUESTION FIRST AND THEN PROVIDE YOUR RESPONSE. Questions: 1. Why does comparative advantage matter more than absolute advantage for trade? 2. Draw a production possibilities frontier curve. Illustrate the set of points that is feasible, the set of points that is efficient, the set of points that is inefficient, and...
"Factors in relative abundance are cheaper than factors in relative scarcity"- In light of this view, Demonstrate Ohlin's Factor-proportions theory Describe what economic factors influence the success of the international transportation and logistics Industry? Discuss the role and impact of the three predominant types of economic systems in 1. 2. 3. international business. Discuss- How emotional intervention rule the international business without having a strong economic logic. 4. Explain the four great waves of theoretical approaches in globalization. 5. "Factors...
Identify and explain the main factors that determine long-run economic growth, and why has Chinese economy grown so much since 1980?
Opportunity Costs of Using Corn for Ethanol Production Objectives · Determine opportunity cost · Explain the factors which lead to expansion of production possibilities and economic growth · Explain the components of an efficient allocation · Describe obstacles to efficiency
1. Social Factors 2. economic factors 3. competition 4. political factors determine what marketing strategy can realistically accomplish for a business perspective on the above factors.
i need help with number 3 2. What is one way to help combat the wage gap? Why should this method help? What are some of the issues stopping this method from being implemented? (25 points) (1-2) 3. Are men and women in the same jobs? If so (or not), how does this relate to wages and the gender wage gap? What is keeping women in feminine jobs? (50 points) (1-3) 4. What supply side factors explain the wage gap?...