5. A major debate among
macroeconomists is whether the economy is self-regulating.
a. Why do economists mean when they say that the economy is
self-regulating?
b. Why do some economists believe in active intervention in the
macroeconomy, whereas others believe in laissez-faire?
c.Why did the Great Depression lend credence to the belief that
the economy is not self-regulating?
Explain the following two cases of self- regulating economy:
Inflationary gap and recessionary
gap . Discuss the Govt policy implication for each case.
Q1) Do you think that such a system of self-regulation is
appropriate ?
Q2 ) What sort of things could result in the statement and the
account held in the books of the debtor showing different balances
?
Do you think the rediscovery of purpose, self-management in the
pursuit of purpose, and leading for meaningfulness are important
for you to use as a future leader of an organization? Explain?
Discussion Question 1
Think back to your own elementary school experiences. Do you
think you gained a sense of industry or inferiority from them? How
did they affect your subsequent development?
Discussion Question 2
What are the main ideas of the trait and
social-cognitive theorists?