Keynesian Economic Theory & Fiscal Policy

Discuss Keynesian Economic Theory & Fiscal Policy. What did John Maynard Keynes think about the overall economy? Describe what Fiscal Policy is. What are the three Fiscal Policy Tools and how would they be used during both a recessionary period and an inflationary period? Who administers these tools? What advantages or disadvantages are there to Fiscal Policy?

Second Part: Discuss Monetary Theory & Monetary Policy. What do monetarists think about the overall economy? Who or what administers Monetary Policy? What are the three Monetary Policy Tools used in this approach? How would each tool be used during a recessionary period and an inflationary period? What advantages or disadvantages are there to Monetary Policy?

Third Part: Discuss Supply-Side Policy. What do Supply-Siders think about the overall economy? What Policy Levers do Supply Siders think should be used in this approach? Why is Supply-Side not accepted as an Economic Theory?

Fourth Part: Which Policy do you think is the one that makes the most sense? Why do you feel this way? Summarize your thoughts by explaining how you feel about the study of economics now that you have completed this class.

 

 

 

Sample Solution

ACED ESSAYS