Assignment
1. How do Classical and Keynesian economists differ in their view of the aggregate supply curve? 75 WORDS
2. How does this influence what Classical and Keynesian economists believe about fiscal policy? 75 WORDS
3. How does the rate of population growth influences the level of GDP per person? 75 WORDS
4. Do you think the current President and Congress were taking Classical approach in their fiscal policies? Explain your answer. 75 WORDS
5. Consider a change in the tax code that might increase private saving. If this policy were implemented, how would it affect the market for loanable funds? 75 WORDS
6. What two problems impede the insurance market from working perfectly? 75 WORDS
7. How do you explain the view of those economists who are skeptical of the efficient markets hypothesis? 75 WORDS
8. Why are minimum-wage laws a better explanation for structural unemployment among teenagers or among college graduates? 75 WORDS