Could opening up the economy result in a worst wave and how can policies impact this?

Q: What would be one way to make sure the Great Depression or any recession does not happen again?

A: The Great Depression was the world's worst and longest economic downturn in modern history.The Great…

Q: Write a short note on the Great Depression including its causes, consequences, and development of…

A: The great depression is a major economic disaster that is originated in The USA around the 1930s.…

Q: If most people have rational expectations, how long will recession last ? Explain.

A: The recession is an economic phenomena and phase where the price tends to decline and all the…

Q: If in the economy there is the problem of inflation, so how government can handle this situation?

A: Inflation refers to the increase in general price level. A very high inflation causes uncertainty in…

Q: Public policy decisions must account for four kinds of uncertainty. Briefly describe at least three…

A: Introduction:- Indeed, even the most uncertain business conditions contain a great deal of…

Q: What was Reaganomics, and what were its most important long-term consequences?

A: (Q) What was Reaganomics, and what were its most important long-term consequences?

Q: Which school of economic thought was adopted by FDR in the 1930s?

A: President Franklin D. Roosevelt stated that he would help all the people who are at the bottom of…

Q: How were the Keynesian, Monetarist and New Classical theories of the economy synthesized to develop…

A: Keynesian Theory: Keynesian hypothesis places that total interest won't generally meet the stock…

Q: How does macroeconomics help analyze the impact of the coronavirus that swept the world late last,…

A: The Coronavirus or Covid-19 is the most discussed dangerous pandemic that is currently active all…

Q: What are supply shocks? Why are policy choices hard when there are negative supply shocks? Would you…

A: A supply shock occurs when an unexpected event alters the supply of goods or commodities, resulting…

Q: True or False ? Ben Bernanke believes that Milton Friedman and Anna Schwartz’s explanation of the…

A: Investors and savers' best friend. Friedman believed that instead of trying to grow the economy by…

Q: How would you compare and contrast Keynesian and neo-classical theories?

A: Keynesian economists start from the theory of Keynes who was summoned by the President of Country U…

Q: Explain the steps that needs to be taken to avoid the unexpected shocks of the market.

A: The macro environment is an outfit that indirectly impacts the effectiveness and functioning of a…

Q: Economist Friedrich Hayek argued that when knowledge is decentralized and disbursed among many…

A: The market leaders in the industry where the one firms which lead the market up front and truly…

Q: Do you think is it possible to measure the true impact of war on an economy? If so, how?

A: A war occurs when countries fight with each other.

Q: Why is it difficult in economics to test theories and assumptions compared to the natural sciences?…

A: Science deal with objects whereas economist deal with people . Unlike physicists they, cannot test…

Q: Explain how policy makers can perfect their craft for the betterment of society

A: Public Policy is significant, on the grounds that it influences the ordinary person. Changes to…

Q: how Ricardian model results in an increase in production in the world

A: International trade: - it means the buying and selling of goods and services with other countries.

Q: The economic crash that led the dark path into the great depression included overspending and what…

A: A depression is a prolonged period of economic downturn. Depression is characterized by a sharp…

Q: According to John Maynard Keynes, what are the major sources of economic instability?

A: Inflation is the rise in the prices of goods and services over some time.

Q: Explain the role of science in policymaking

A: Scientists who specialise in the realm of public policy can assist government agencies in…

Q: in economics the central problem is??

A: In economics the central problem or basic problem is scarcity. In other words, economy’s resources…

Q: What kind of policy is this? Discuss the effects of this policy proposal if it was in place as the…

A: Fiscal policy is when the government manipulates the spending and the taxes to manage the economy,…

Q: What is golden rule solution in centralised economy?

A: The golden rule states that the government should borrow only to invest and not fund current…

Q: Which theory states that people make decisions based on information they've gathered? A. Life-cycle…

A: The model that depicts a description of reality being designed for yielding hypotheses about testing…

Q: Provide arguments why should policymakers use fiscal and monetary instruments to control aggregate…

A: Meaning of Aggregate Demand and Aggregate Supply: The term aggregate demand refers to the…

Q: How can expectations about the future change what consumer buy now?

A: In economics, the law of demand establishes the negative correlation between the price and the…

Q: What is systemic initiative

A: Initiating is having the ability to take action independently which advances a series of actions.…

Q: What is “Clintonomics”? Describe the changes to the U.S. economy during the 1990s. What role did…

A: An economy is that the massive set of inter-related production, consumption, and exchange activities…

Q: Proponets of crytocurrencies have long touted their benefits in a global econonmy. They argue that…

A: Crypto-currencies are digital currencies. Thus it is difficult to counterfeit it. These currencies…

Q: Who favors Milton Friedman’s theories currently and how are they applied?

A: Answer-

Q: Business cycles can wreak havoc in the economy and create real economic hardship.  Remember, the…

A: In economics, business cycle is defined as the cyclical upswings and down swings of major…

Q: The situation in which policymakers have the incentive to announce one economic policy but then…

A: Policy makers use two approach to implement the policy. One is Rule based approach and nother is…

Q: There are many factors that can influence the economy. Do you think natural disasters affect the…

A: The gross domestic product (GDP) is the total money value of all the goods and services produced in…

Q: What was Bretton Woods, and why did it also collapse?

A: In an open economy, countries trade with each other for goods and services. One country receives the…

Q: How and why do institutionalists argue that institutions change the behavior of states?

A: Institutionalists may be from government or from private sector. Institutions are very important for…

Q: check the impact of the recession on BOP?

A: BOP (Balance of Payment): It refers to the statement of the transactions made between a country with…

Q: Why governments / decision makers try to achieve the stable economic growth and lower inflation?…

A: Inflation refers to a rise in the average level of price of goods and services in an economy.…

Q: how should policy makers respond to unemployment, inflation and decreased output

A: Unemployment :- When people are ready to work but economy is unable to serve them employment. It…

Q: what do you see as the top 3 major drivers that will influence the performance of the global economy…

A: The four fundamental areas of drivers for globalization are market, government; cost, and contest.…

Q: Suppose wages and prices are flexible, people form their expectations rationally, and they…

A: Based on the policy ineffectiveness proposition, people can anticipate a policy and take measures…

Q: How big is a billion?

A: The money supply in an economy is controlled by the central bank. The central bank used various…

Q: Could the United States ever experience another Great Depression? Why or why not?

A: The great depression happened because of the crash of the stock market. It led to the wiping out of…

Q: Monetary and fiscal policy play important roles in economic stimulation and or stabilization in what…

A: The government can stabilize the economy with the help of Monetary and Fiscal Policy.Fiscal Policy:…