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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.
- Fall '10