Covid-19 had caused drastic increases in government spending and government debt across the globe in an effort to stimulate aggregate demand the economies as a whole. Recently there is a growing interest in the new theory called the Modern Monetary Theory (MMT). The theory explains that rising budget deficits are good economies as long as increased government spending does not lead to inflation. Furthermore, this theory promotes rising government debt as means of supporting government spending. As noted by Stephanie Kelton in her book “The Deficit Myth”, governments can fund this spending and servicing of debt through printing money. As such, all the spending could, in principle, be financed via the creation of cash rather than taxes. Taxes may serve other purposes such as providing public services. In relation to the above, use the multiplier model (or other models such as the IS-LM and AS-AD models) and critically analyse the effectiveness of MMT in South Africa. Furthermore, give your own policy recommendations of how the South African economy can grow post the COVID-19 pandemic.
class needs help when retelling a story as they rely too much on teacher prompting and aid. Students have the ability to retell a story on their own, but do not have the confidence to do so. Even my level C and D readers relied of teacher prompts, then they seemed to know the answer. In this classroom, there are 4 struggling readers and writers, who had the support and accommodation of a print off anchor chart. I would like to provide visual aids on the print off anchor charts, as well as shorter sentences, in the future. To continue teaching these students, I will model the strategy of retelling during small group instruction. I will fill out mini anchor charts while reading to demonstrate the understanding of first, next, then and last. When students have the opportunity to witness a story being retold, it provides opportunity for them to observe and practice this strategy. For students who have mastered the strategy of retelling, I will have these students demonstrate a deeper understanding for the story in their writing. These students will be expected to cite information in their writing relating to who, what, when, and where as well as first, next, then or last. These students will be asked to sequence more events as their understanding deepens, and use the words “beginning, middle, and end” or “first, next, then, after, last.” These students will use their knowledge gained from this lesson to scaffold instruction and knowledge for the next lesson. To aid students in their ability to accurately retell the events from a story, I will continue working on this strategy in the classroom. I will model the strategy of retelling in longer and more difficult texts, relaying more key details from the text. I will give students more opportunities to participate in oral and written retelling of stories. I believe that scaffolding instruction is extremely important when teaching strategies such as these. Since students were asked to write a caption from one scene in the book, in the next assignment students will be asked>GET ANSWER