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Question One IntheKeynesianframework,fiscalpolicyismoreimportantthanmonetarypolicy.Discussthe two reasons advanced by Keynesian macroeconomistsforthis. A flexible exchange rate regime is superior to a fixed exchange rate regime.Discuss. Usingafour-quadrantdiagram,illustrateandexplainhowanincreaseinresponsivenessof money demand

Question One

  1. IntheKeynesianframework,fiscalpolicyismoreimportantthanmonetarypolicy.Discussthe two reasons advanced by Keynesian macroeconomistsforthis.
  2. A flexible exchange rate regime is superior to a fixed exchange rate regime.Discuss.
  3. Usingafour-quadrantdiagram,illustrateandexplainhowanincreaseinresponsivenessof money demand to interest rates will affect the slope of the LM curve in a closedeconomy.
  4. What is the difference and relationship between the standard demand andsupplybased analysis of the labour market and the search models of thelabourmarket?
  5. Explainhowthetheoryofportfoliocanbeusedtoarriveatanoptimalinvestmentdecision.

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