Question
1. Name some economic events, not related to government policy, which could cause aggregate demand to shift. 2. Name some government policies that could cause
1. Name some economic events, not related to government policy, which could cause aggregate demand to shift.
2. Name some government policies that could cause aggregate demand to shift.
3. From a Keynesian point of view, which is more likely to cause a recession: aggregate demand or aggregate supply and why?
4. What is the Keynesian prescription for recession? For inflation?
5. Keyes stated, "in the long run, we are all dead," espousing a system that deemphasizes stewardship. Considering the textbook and the Bible, what is a Christian's responsibility? Include a scripture that supports your response.
6. Do you think it is important that policies consider current responsibilities and future consequences of spending?
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