9 - Case Study – Fiscal Policy and Presidential Elections
Suppose that fiscal policy changes output faster than it changes the price level. How might such timing play a role in the theory of political business cycles?
Please respond with a minimum of 250 words.
Often during recessions, the number of young people who volunteer for military service increases. Could this rise be considered a type of automatic stabilizer? Explain, why or why not?
10 - Is it possible for U.S. federal budget deficits to crowd out investment spending in other countries? How could German or British investment be hurt by large U.S. budget deficits?
Why are the Social Security and Medicare program headed for trouble? When will the trouble begin? What solutions have been proposed?
11 - Chapter 14
In countries where the monetary system has broken down, what are some alternatives to which people have resorted to carry out exchanges?
Do you feel that paper money will be eliminated all together in the future? Why or why not? Support your opinion with facts and text concepts.
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xxx Political Business xxxxx Concept
The theory xx based xx monetary xxx fiscal policies xx the driving force xx the xxxxxxxx xxxxxxxxxxxx xxxxxxxx xxxxxx xxxx to x short lived xxxx in xxxxxxxx xxxxxxxx xxxxxxxx xxxx a xxx xxx to increased inflation (Drazen xxx xxxxxx xxxxxx xx the response xx xxxxxx xxxxxx and this lead xx different types xx xxxxxxxx cycles all xxxxxxxxxxx triggered. Assuming that xxxxxx are to xxxxxxxx the xxxxxxxx performance xxxx the recent xxxx and that the xxxxxx xxx’x anticipate future xxxxxxxxx xx xxxxxxxxx who xxxxxxxxxx monetary xxxxxx xxxxx be tempted xx xxxx xxxxxxxx xxxxxxxxxxx to xxxxxxx the xxxxxx’ xxxxxxxxxxxx as a xxxx xx persuade the electorate.
xxx incumbent xxx xxxxxx an xxxxxxxxxxxxxxxxxxxxxx xxxxx corresponding to the length xx his xxxx xxxx x high xxxxxxxx xxxxxxxx just xxxxxx xxx xxxxxxxx and x low economic xxxxx immediately xxxxx xxx election. xxxx policy is expected to induce market demand
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