Macro HW #4
When the first projections for the second quarter GDP came out we were looking
at a percent around 2.3. Later provisions saw an astonishing climb of 1.4 to round out the
second quarter at 3.7%. The increase in real GDP in the second quarter re
MACRO HW #5
What is a macro failure? Provide an example.
Macro failure is when markets are producing inefficiently or market failure takes
place and monetary or macro polices put in place cannot fix the problem. One can argue
that macro failure took place
1. Explain the role of government in the United States economy.
The role of government in the United States economy is limited. It includes
providing a legal framework, protecting the people, protecting the environment,
protecting its consumer
1. If business cycles were really inevitable, what purpose to macro policies serve?
If business cycles are inevitable it doesnt mean that macro polices are pointless.
If macro policies werent in place during business cycles each up and down wou
Deductive Method (Top-Down)
Efficient Markets Hypothesis
-What ought to be
-How the world is
-2 quarters of negative GDP growth
Post WWII VS
-Golden Age of Capital
Economic Model=Simplification of Reality
-how do goods & services circulate
-looks at wh
Macro HW#6: Ways U.S Could Fix The Current State of Poverty
Create Jobs: The federal government should invest more in job creation. They could
spend money on creating jobs such as rebuilding infrastructure, renovating abandoned
houses or factories and giv