Chapter27 Q History

Chapter27 Q History - What ideas if any do you have most trouble accepting Why 2 Which if any of the economic principles discussed in the first

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Chapter Review Questions: Purpose: History classes can be overwhelming, so many dates, places, names, etc. The purpose of the questions below is to get you to focus on major ideas or themes in each chapter. The questions are designed to get you to “flesh out” these ideas. Yes or no answers are not expected nor wanted . Students should also look to see if an “Economic Reasoning Principle” applies and note it. o These questions, and their answers will form the basis for much of your grade. o You will find answers to quizzes as well as midterm essay questions built around these weekly chapter questions. o If you do not prepare these questions in advance of class you will lose points for participation . Moreover, you will not be well prepared for the midterms. Questions Chapter 27 1. .Given your prior knowledge or studies, what about this chapter most surprised you?
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Unformatted text preview: What ideas, if any, do you have most trouble accepting? Why? 2. Which, if any, of the economic principles discussed in the first week did you see at play in this chapter? 3. What is the perceived weakness in the Keynesian model? 4. Compare and contrast the Eisenhower Years to the Kennedy-Johnson Years from an economic perspective. 5. What would you say Nixon would be most known for, with respect to his presidency and economics and why? 6. Describe the inflation of the Carter years, why did Lenin think it would be capitalism’s undoing? 7. What is “stagflation” and how does monetarism deal with it? 8. Go back and look at page 521 in your textbook. Reread the issues around “incentives.” Now, try and explain why “supply side economics” would be a response to the incentives Chapter Review Questions:...
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This note was uploaded on 03/18/2010 for the course ECON 230 taught by Professor Roscelli during the Fall '10 term at Canada College.

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Chapter27 Q History - What ideas if any do you have most trouble accepting Why 2 Which if any of the economic principles discussed in the first

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