Question

can you see any issues with policy-makers using mainstream macroeconomic theory as the major driver of...

can you see any issues with policy-makers using mainstream macroeconomic theory as the major driver of economic policy

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Keynesian theory is actually used by the mainstream policy makers in order to influence the economy by understanding that taxation rates and government spending play a major role in shifting the aggregate demand which is the reason why government changes Tak structures accordingly in order to boost the economy for higher growth levels on the whole. Also many of the macroeconomic theories are used in one way or the other or their influence can be seen in the government decisions

Add a comment
Know the answer?
Add Answer to:
can you see any issues with policy-makers using mainstream macroeconomic theory as the major driver of...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Is Fiscal Policy Dead? In recent decades many economists and policy makers had generally agreed that the age of using fi...

    Is Fiscal Policy Dead? In recent decades many economists and policy makers had generally agreed that the age of using fiscal policy to control the business cycle had ended. Primarily this was because fiscal policy suffers from more time lags and is politically more difficult in the US compared to monetary policy. During the next contraction, would you recommend using fiscal policy to stimulate the economy or should we rely only on monetary policy tools? Secondly, what laws, rules, etc....

  • Major Debates Over Macroeconomic Policy Instructions Assignment Files Grading Purpose of Assignment This week requires the...

    Major Debates Over Macroeconomic Policy Instructions Assignment Files Grading Purpose of Assignment This week requires the student to address six unresolved issues in macroeconomics, each of which is central to current political debates. Students are required to use information and tools that they have accumulated in their study of the text and evaluate both sides of those issues, determine which side they can support for each issue, and defend their positions. Assignment Steps Select two subjects from the following list...

  • ecn

    Objective: The purpose of this assignment is to (1) encourage you to see economics at the macro level, and (2) sharpen your analytical skills in applying economic theory to real-world events. Task: The annual inflation, unemployment, and economic growth statistics for the country of Lalaland are given below.Regional averages for inflation, unemployment and growth are xx, xx, xx.By using the Liquidity Preference Framework and the Aggregate Demand- Aggregate Supply analysis;Suggest a monetary policy and/or a fiscal policy change for Lalaland.Show the effects...

  • Implementation of policy recommendations is often a problem. What do you see as the major barriers...

    Implementation of policy recommendations is often a problem. What do you see as the major barriers to the implementation of policy? Why do they exist? How might these barriers be overcome?

  • The US left the gold standard. What issues has this departure created that you can see?...

    The US left the gold standard. What issues has this departure created that you can see? Define the "velocity" of money (from the Quantity Theory of Money). Consider this definition and tell us why we should not ignore this variable when looking at the economy?

  • “This is America” Childish Gambino- Identify as many policy issues as you can from the video. 1....

    “This is America” Childish Gambino- Identify as many policy issues as you can from the video. 1. Describe the policy issue you identify and the current day implications 2. Identify and discuss a historical and modern day parallel to the issue identified, 3. Discuss your opinion about that issue and how and if you would make any changes to that policy.

  • 1) Do you see any contradiction between these two statements? Using demand and supply theory of...

    1) Do you see any contradiction between these two statements? Using demand and supply theory of price determination, please explain. a)  After the financial crisis of 2007-08, the price of houses was falling. As the economy is growing in recent years, many people are buying houses, which is leading to increase in price of houses. b) As the price of houses is increasing people are buying fewer houses. 2) Which of the two statements does represent the law of demand.

  • Discuss the advantages and disadvantages of creating various budgets. Do you see any ethical issues that...

    Discuss the advantages and disadvantages of creating various budgets. Do you see any ethical issues that may arise in the preparation of the budgets?

  • What are the major organizational issues involved here? What do you see as the primary alternatives...

    What are the major organizational issues involved here? What do you see as the primary alternatives for the organizational structure? What would be the implications of varying approaches to departmentalization? If you were asked to give input to the committee, what organizational structure would you suggest? Why? What processes would you suggest to ensure effective coordination, decision making, and communication among the various programs?

  • 2D- From Theory and Practice in Policy Analysis, Where have you seen any of these models...

    2D- From Theory and Practice in Policy Analysis, Where have you seen any of these models applied in actual analyses? Do these descriptions suggest any new applications to you - ways to apply one or more of these ideas to existing questions? Are the more elaborate modeling tools actually more useful? In what ways are they more useful? How does one decide which type (or complexity" of model to use for a given problem? (Please in Print Type)

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT