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

Q: Explain and show graphically how a positive supply shock, followed by a more restrictive monetary…

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Q: Name a couple of “players” in the monetary supply process.

A: The aggregate of all forms of money available in an economy and in circulation within it constitutes…

Q: which of the monetary or fiscal policy tools do you think would be least effective at improving the…

A: Fiscal policy refers to the government policy that stabilizes th economy through bring changes in…

Q: Q: To what extent has the time-inconsistency problem influenced the formation and practical…

A: Time inconsistency is a problem that arises when policymaker follows one policy in advance but later…

Q: True or false: Changes in monetary policy can affect output in the long run, but not in the short…

A: Monetary policy is a set of tools used by a country's central bank to encourage long-term economic…

Q: What happens when an economy was initially in full employment, following a strongly expansionary…

A: Answer: Full employment refers to the level of employment where output is maximum when all the…

Q: When policymakers make decisions in response to a pre-specified rule, they are u active policy.…

A: Monetary and fiscal policies are used to correct the disequilibrium in an economy. These policies…

Q: Which of the following is NOT part of monetary policy? * a. influencing the demand for goods and…

A: Monetary policy is operated by the central bank of a country. Monetary policy affects the money…

Q: What evidence have you discovered that points to the Classical, Keynesian, and Monetarist theories…

A: Classical economics adopts flexible prices both in the matter of goods and wages. Classical…

Q: Why might policymakers be tempted to renege on an announcement they made earlier? In this situation,…

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Q: What is differance between Tools of monetary policy and fiscal policy?

A: Fiscal policy refers to the government policy that stabilizes the economy through bring changes in…

Q: Outline the model of monetary policy?

A: Monetary policy is a demand side economics which is generally run by central banks of any country.

Q: Differentiate between monetary and fiscal policy.

A: Monetary policy: When the policy measures are being taken by the central bank of a country in order…

Q: Which policy is more effective—monetary policy or fiscal policy? Why?

A: The monetary and fiscal policy, both are the way or process to balance the economic activities in an…

Q: Why is it helpful to model the policy process?

A: Policy refers to the action or a principle proposed by the directing or controlling authority to…

Q: Why would most economists default usually first to monetary policy for stabilization before using…

A: An economy can be stabilized either by the government of the nation or by the central bank. A major…

Q: What is the main advantage and disadvantage of an unconditional policy commitment?

A: The unconditional policy commitment represents an un-spoken assurance by the central bank, which…

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: Why might a price "freeze" help monetary policy to succeed.

A: An increase in the money supply is called a monetary expansion. In the short run when prices are…

Q: Explain two reasons why policy makers might be tempted to renege on an announcement they made…

A: After defining a vision, policymakers are forced to adapt to reality. Reality frequently reveals…

Q: What is the elite/mass theories of policy formulation and implementation

A: Elite theory is a state theory that aims to define and explain modern society's power dynamics. The…

Q: From a Keynesian point of view, which is more likely to cause a recession: aggregate demand or…

A: Keynesian talked about Aggregate demand, he emphasized more on government intervention to correct…

Q: How does each policy handle the two major macroeconomic failures of unemployment and inflation

A: Considering macroeconomics, it talks about the economy as a whole and not an individual. The major…

Q: What is monetary policy?

A: Monetary policy is the policy adopted by the central bank of a country to control the money supply…

Q: How can monetary policy address the problem of inflation?

A: Inflation refers to the increase in the price level in the economy. As the price level increases,…

Q: Explain how inflation can control by using Fiscal and Monetary policy?

A: Inflation is the gradual loss of a currency's buying value over time. The increase in the average…

Q: Analyze monetary policy in order the generate macroeconomic stability

A: Introduction The central bank attempts to preserve price stability by limiting the amount of money…

Q: *Does monetary or fiscal policy have a longer time lag?  Why?

A: Monetary policy is defined as the policy adopted by the central bank of the country to influence the…

Q: What are causes and effects of low policy rates

A: Causes of lower policy rates are:Supply and demandA decrease in the demand for credit will decrease…

Q: Which of these is an alternative to monetary policy and aims to reduce inflation?

A: alternative to monetary policy is fiscal policy which is done by government of a country which…

Q: Analyze and compare fiscal and monetary policy in order the generate macroeconomic stability.

A: The policy that makes use of revenue that is collected and expenditures incurred by the government…

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: During the 2008-2011 financial crisis, two members of Congress proposed reinstituting the military…

A: The military draft was a system wherein all the citizens who are eligible were required to…

Q: What is the ideal balance between monetary and fiscal policy for a nation like Japan, where prices…

A: The marker equilibrium in which the AD curve crosses the AS curve is explained by the aggregate…

Q: What are the two policy options used to influence the economy?Expalin in detail.

A: Two policy options used by the government are: Fiscal policy Monetary policy Fiscal policy: It is…

Q: Why did inflation targets replace monetary targets as the most widely used strategy for monetary…

A: Inflation targeting is a monetary approach in which monetary policy is changed to attain a specified…