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If there is no depression, explain how wage flexibility works in relation to employment, and interest rate. During a depression, explain the paradox of flexibility
- If there is no depression, explain how wage flexibility works in relation to employment, and interest rate.
- During a depression, explain the paradox of flexibility in terms of debt, employment, and interest rates.
- is a good idea to keep interest rates close to zero? Why or why not?
- Itemize Krugman's steps to fight against depression.
- Since we are "sort of" in a depression state, do you agree or disagree with some of the steps Krugman had mentioned?
Source: Economics for the Curious: Inside the Minds of 12 Nobel Laureates-Chapter 1: Depressions are Different
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Development Economics In The Twenty-First Century
Authors: Claudia Sunna, Davide Gualerzi
1st Edition
1317219961, 9781317219965
