Module 13 FISCAL POLICY The government spends $3 billion by buy police cars Explain why aggregate demand may increase by more than $3 billion Explain why aggregate demand may increase by less than $3 billion What are expansionary and contractionary fiscal policies Give examples When should the government employ these policies Why might fiscal policy fail What is an automatic stabilizer Give an example of one Explain Keynes' argument that sticky wages and other prices can cause a recession Contrast Keynesian and Neoclassical views regarding macroeconomic policy In implementing fiscal or monetary policy, does society face a short run trade off between unemployment and inflation If so, how come unemployment and inflation sometimes move in the same direction Module 14 THE Future Economy Debt, Aging, Black Swans Other Issues What is the difference between a government's budget deficit and a government's debt Define regressive, proportional, and progressive taxes and give examples of each Is the impact that new technology has on the economy the same as free trade Why is Global Warming an especially difficult problem to solve Describe the long term budget outlook for Social Security and Medicare What is a Black Swan Event Can we prepare economically for such events Module 15 SUMMARY AND REVIEW The Final has a lot of material from Modules 13 and 14 but it will also have a lot of material from the whole course, so it is cumulative Look back over previous Study Guides as part of your preparation for the Final Exam When taking quizzes and exams I have allowed the use of a 3x5 inch index card with notes for students to reference while taking the quiz or exam For the Final, I allow students to make and create two 3x5 inch index cards J

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 07, 2024

Module 13. FISCAL POLICY The government spends $3 billion by buy police cars. Explain why aggregate demand may increase by more than $3 billion. Explain

Module 13. FISCAL POLICY

The government spends $3 billion by buy police cars. Explain why aggregate demand may increase by more than $3 billion. Explain why aggregate demand may increase by less than $3 billion.
What are expansionary and contractionary fiscal policies? Give examples. When should the government employ these policies?
Why might fiscal policy fail?
What is an automatic stabilizer? Give an example of one.
Explain Keynes' argument that "sticky wages and other prices can cause a recession.
Contrast Keynesian and Neoclassical views regarding macroeconomic policy.

In implementing fiscal or monetary policy, does society face a short-run trade-off between unemployment and inflation? If so, how come unemployment and inflation sometimes move in the same direction?

Module 14. THE Future Economy: Debt, Aging, Black Swans & Other Issues

What is the difference between a government's budget deficit and a government's debt?
Define regressive, proportional, and progressive taxes and give examples of each.
Is the impact that new technology has on the economy the same as free trade?
Why is Global Warming an especially difficult problem to solve?
Describe the long-term budget outlook for Social Security and Medicare.
What is a Black Swan Event?Can we prepare economically for such events?

Module 15. SUMMARY AND REVIEW

The Final has a lot of material from Modules 13 and 14 but it will also have a lot of material from the whole course, so it is cumulative. Look back over previous Study Guides as part of your preparation for the Final Exam.

When taking quizzes and exams I have allowed the use of a 3x5 inch index card with notes for students to reference while taking the quiz or exam. For the Final, I allow students to make and create two 3x5 inch index cards!J