Question
Explain how 'high government spending crowds out private spending'. (10 mark) Keynes proposed that consumption depends on current income. Briefly discuss three other determinants of
- Explain how 'high government spending crowds out private spending'. (10 mark)
- Keynes proposed that consumption depends on current income. Briefly discuss three other determinants of consumption.(10)
3. Briefly discuss three policy rules for monetary policy that a central bank such as the Fed might follow. Why may these policy rules be superior to discretionary policy?
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The Economics of Women Men and Work
Authors: Francine D. Blau, Marianne A. Ferber, Anne E. Winkler
7th edition
978-0190670863, 019067086X, 132992817, 978-0132992817
