Question

100% renewable energy

Guaranteed health care

Affordable higher education

1. Described the outcome that you seek (from the list) and the economic policy you intend to implement to achieve this outcome. For each of the questions below, 1) define the concept, 2) describe the concept in words and or conceptual model and 3) show the effect of your policy on the concept. If your policy would not affect the concept, then define, describe and show the effect of a policy that would. 2. How would your policy change the production function for the economy? 3. How would your policy effect aggregate demand and supply? 4. How would your policy effect net exports? 5. How would your policy effect unemployment and inflation? 6. How would your policy effect the money supply or its velocity? 7. How would the effect of your policy be summarized in an IS/LM model? 8. How would each aspect of the economy, as measured by GDP, be changed?

Answer 1