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?
Think back Chiquita case.how was chiquita complicit in human
rights violations. if you could go back in time o any point before
the terrorism bribery scandal, what step would you have advised
chiquita to take this case. write 2 pargraphs.
Explain the following two cases of self- regulating economy:
Inflationary gap and recessionary
gap . Discuss the Govt policy implication for each case.
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?