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Discuss how monetary and fiscal policy could have been better leveraged to avoid the recession in the early 2000s. Discuss how supply and demand would be affected under each of the four degrees of competition (pure competition, monopolistic competition, oligopoly, and monopoly). Give specific examples to support your response.
Weegy: What both of these policy options have as a goal is increasing or decreasing the level of business activity. It is most always preferable to have a productive growing economy but an economy can also be too productive. [ In that case the government may enact policies to slow down the economy. In order to understand the functioning of these two policies we must again revisit the concept of inflation. Remember, inflation is when the value ... (More)
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Asked 7/7/2012 9:19:51 PM
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analyze the different ways to evaluate enconim performance and determine which provides the best assessmemt of the economy.
Weegy: We would recommend to add factors such as life expectancy,GDP per capita, death rate of children under 6 years old, education, poverty line, people under poverty line, Gini coefficient, green and rain forest, clean technology, new invention, [ new small business start-up etc. ] (More)
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Asked 7/7/2012 9:41:12 PM
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discuss the impact of current fiscal and monetary policy on the economy.
Weegy: Fiscal Policy The economy can be impacted by the U.S. government through two major types of economic policy. The first type is called fiscal policy, which is economic policy instigated by the President or by Congress. [ The fundamental tools at the disposal of these branches of government are taxation law and government spending. By changing tax laws, the government can effectively modify the amount of disposable income available to its ... (More)
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Asked 7/8/2012 7:30:58 PM
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