6. Fiscal contraction/expansion in the IS-LM-PC model, short run vs. medium run. 7. Effects of changes in mark up rates. 8. Disinflation and its costs 9. Quantity theory, Monetarist approach and inflation. Monetary neutrality. 1. What are the general trends in income inequality in the US? 2. What explains increasing income inequality in the US? 3. What are the costs/benefits of income inequality? 4. What are some of the proposed solutions to reduce income inequality? 5. What is neoliberalism? What are its basic characteristics? What kind of economic policies are advocated by neoliberals? How does neoliberalism approach the question of inequality? 6. What are the basic tenets and assumptions of Neoclassical economics? 7. What are the major implications and limitations of Neoclassical economics? 8. Have the costs of Covid-19 pandemic distributed equally across people?

(simply answer it)