ECO 203 ECO203 WEEK 4 ASSIGNMENT CLASSICAL AND KEYNESIAN DEBATE - ASHFORD
Ashford ECO 203 Week 4 Assignment Classical and Keynesian Debate [WLOs: 2, 3, 4]
Classical and Keynesian Debate [WLOs: 2, 3, 4] [CLOs: 2, 4, 6]. Due by Day 7. The Week 4 assignment is agroup project. Each group member (of the classical school and the Keynesian school) will submit the same group assignment (groups are mainted from the Week 3 Classical Economics Versus Kenyesian Economics discussion). From 2007 to 2010, the Federal Reserve used many practices unfamiliar to the U.S. central bank. Respond to the following components as an economist representing either the classical or Keynesian school:
• Evaluate critically, as a classical or Keynesian economist, what caused the 2007 to 2009 financial crisis.
• Examine the causes that aggravated the financial crisis during the period?
• Evaluate the actions that the Federal Reserve and the government took during this period. Do you support
their actions in both monetary policy and fiscal policy? Why or why not?
• Recommend an alternative policy or method that could have better resolved the financial crisis if you
were a decision maker (of monetary policy or fiscal policy) during the period.
• Give advice, as a prominent classical or Keynesian economist, to the Federal Reserve and/or federal
policy makers to prevent future economic or financial crises.
No comments:
Post a Comment