BUS350Exam292 - Sayre Chapter 13#74 Topic 13-13 The Financial and Economic Crisis 2008-2013 Type Pickup 75 The abandonment of stimulus packages was

BUS350Exam292 - Sayre Chapter 13#74 Topic 13-13 The...

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Sayre - Chapter 13 #74 Topic: 13-13 The Financial and Economic Crisis 2008-2013 Type: Pickup 75.The abandonment of stimulus packages was advocated in favour of policies for reducing Deficits (thus rejecting Keynesian theory). Explain the arguments for the new approach. 2. Keynesian theory overemphasized government spending. What should be used, argued critics, was a policy focused on aggregate supply. The argument was that expansionary policy Blooms: Comprehension, Knowledge Difficulty: Moderate Learning Objective: 13-05 Explain the cause of the 2008-2010 financial crisis; its economic consequences; and suggested remedies. Sayre - Chapter 13 #75 Topic: 13-15 Neo-Classical View of the Recession Type: Pickup 76.What is a ‘restraint program'? Blooms: Comprehension, Knowledge Difficulty: Easy Learning Objective: 13-05 Explain the cause of the 2008-2010 financial crisis; its economic consequences; and suggested remedies. Sayre - Chapter 13 #76 Topic: 13-15 Neo-Classical View of the Recession Type: Pickup 77.Define Say's Law. Blooms: Comprehension, Knowledge
Difficulty: Moderate Learning Objective: 13-01 Explain why neoclassicists believe the economy will automatically achieve full-employment equilibrium. Sayre - Chapter 13 #77 Topic: 13-02 Classical Economics and Says Law Type: Pickup

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