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- Question A.write the short nots under each statement: 1. Most national governments economic objectives for their national economies. is: -- ……………………………………………………………………………………………………………………………………………………………………………………………………………… 2. Most national government economic are facing to many issues in macroeconomic prospective: objectives: ……………………………………………………………………………………………………………………………………………why did many government introduce "austerity" policies after the 2008/2009 financial crisis eventhough their economies were exhibiting recessionary GDP gaps and unemployment was high, and despite the fact that keynesian economics suggested that governments should do the opposite please help ASAP thankyou :Doption for blank #1: current and future government spending are, only future spending is, current and future consumer spending are, only current spending is option fo blank #2: taxes, consumption option fo blank #3: an equal and opposite, an equal option fo blank #4: taxes, consumption option fo blank #5: real GDP, unemployement rate, real interest rate option fo blank #6: consumption of individuals, government spending
- Multiple choice: Which one of the following statements is FALSE? a) There are four broad groups of decision‐making units in the economy: households, firms, government and the foreign sector; (b) Savings are an important injection into the circular flow of income and spending in the economy; (c) Taxes are a leakage or withdrawal from the flow of income and spending in the economy; (d) Spending by households on consumer goods and services is called consumption spending.True/ False Government always works in the welfare of the economy.One idea is that individuals should answer the basic economic questions, but government should step in to prevent or address a crisis. Which economist(s) promoted this idea? Keynes Smith Marx and Smith Smith and Keynes
- Help me asap The wellbeing of an economy directly depend on its government actions. True False UncertainContrast laissez- faire( classical school of thought) vs Keynesian economicsIn Germany in 2009 there was considerable debate about the extent to which thegovernment should be intervening in the economy. For example, its citizens were worriedabout the future of Opel, a German car brand that was part of the ailing General Motors.Some wanted the government to make sure jobs were saved no matter what. Others,however, were more hesitant and worried about becoming the government becoming toointerventionist. Traditionally since the Second World War the German government hasseen itself as a referee in market issues and has avoided trying to control parts of theeconomy. It would regulate anti-competitive behaviour, for example, but not try to runmany industries. However in the recession of 2009 when the economy was shrinking thegovernment was forced to spend more to stimulate demand and had to intervene heavilyto save the banking sector from collapse. The government also had to offer aid tobusinesses to keep them alive. 1. What are the possible benefits of a…
- In Germany in 2009 there was considerable debate about the extent to which thegovernment should be intervening in the economy. For example, its citizens were worriedabout the future of Opel, a German car brand that was part of the ailing General Motors.Some wanted the government to make sure jobs were saved no matter what. Others,however, were more hesitant and worried about becoming the government becoming toointerventionist. Traditionally since the Second World War the German government hasseen itself as a referee in market issues and has avoided trying to control parts of theeconomy. It would regulate anti-competitive behaviour, for example, but not try to runmany industries. However in the recession of 2009 when the economy was shrinking thegovernment was forced to spend more to stimulate demand and had to intervene heavilyto save the banking sector from collapse. The government also had to offer aid tobusinesses to keep them alive. 1. What prompted greater intervention by the…Discuss whether or not all govrnments will have the same economic aimsA government will choose to increase spending: Multiple Choice a) to stimulate the economy. b) if households are growing wealthier c) when it expects tax revenues to increase. d) Incorrect when interest rates increase.
