Industrial countries are not usually involved in currency bailouts since they are not likely to be affected by the devaluation of another country's currency.
Answer the following statement true (T) or false (F)
False
An industrial country is likely to be affected by the devaluation of another country's currency through trade; a country that is bailed out may avoid disastrous disruptions to trade, thereby helping the industrial country.
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Use headlines from the recent news to illustrate the potential for conflict between self-interest and the social interest
What will be an ideal response?
Keynesians tend to not believe in the stability of free markets
Indicate whether the statement is true or false
President Barrack Obama and Congress cut taxes and raised government expenditures during the 2008 financial crisis. According to the aggregate supply and aggregate demand, model which of these policies would tend to reduce unemployment?
a. both the tax cut and the increase in government expenditures b. the tax cut but not the increase in government expenditures c. the increase in government expenditures but not the tax cut d. neither the increase in government expenditures nor the tax cut
What is typically the main cost of pursuing a college education?
A) tuition B) room and board C) books and supplies D) income forgone by not working